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Ford to take $19.5B charge on electric vehicle strategy pivot
Youtube· 2025-12-16 12:07
Meanwhile, we were discussing this earlier, uh, Ford re-examining its EV strategy in a big way. The company is going to take a multi-billion dollar charge. Philippo joins us with the latest.We were batting it around. I want to hear your take on where things are right now, and then we'll get into it all. >> Well, where they are is the company is admitting that its previous strategy, it wasn't working.Was it a complete failure. No. But it was definitely not succeeding.Nowhere close to profitable. When you loo ...
Ford CEO on ending Ford Lightning EV production: We are following market trends
Youtube· 2025-12-15 21:56
Jim, thanks for joining us today. Uh, we just outlined all of the changes and the special charges that you will be taking between now and the end of 27. I think everybody understands why you're making this decision, but walk us back to a couple of months ago or how long ago was it that you and your team said, "It's not working what we planned. We have to come up with a new strategy. " And what was the thought process as you made the decision we've got to shift? >> Phil, well, thanks for having me on the sho ...