Well, he's making pivots when pivots are needed. Some would say maybe a little bit late, because Ford has lost billions of dollars per year on this EV escapade. So I was going through the numbers and saw they lost 1,000,000,021 2,000,000,022 5,000,000,023 5 billion in 24.And they have to do something. Just stanch the bleeding. This guy is this guy have a job after a $19 billion failure of EV simply because it's basically a private company run by our good friend Bill Ford Junior.Is it basically a quasi priva ...

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 ...

Just a few minutes ago, we learned that Ford is undergoing a sweeping overhaul of its electric vehicle business, and it's going to amount to about $19.5% billion in charges. It's also going to include scrapping its next generation electric F-Series truck as the shift gears to a hybrid. Joining us right now to talk a little bit more about this is the host of Bloomberg's Open Interest, Matt Miller, and he brings along with him the CEO of Ford, Jim Farley.Jim, thanks very much for joining us. This is a major p ...

Ford announced a sweeping overhaul of its electric vehicle business after struggling for years to make it profitable. https://t.co/ogxvX2UOpS ...

Ford Motor's electric vehicle sales continued to sink in November, as the company weighs scrapping the electric version of its F-150 truck following the expiration of a federal tax credit for electric vehicles https://t.co/HxT5PijdN7 ...

Safety Concerns - Electric vehicles, especially post-crash, pose safety risks due to high-voltage batteries and potential door malfunctions, leading to difficulties in exiting the vehicle [3][4] - Fatalities and harrowing survival stories have been linked to these door issues, highlighting the severity of the problem [5] Design and Compliance - Tesla popularized complex door designs, moving away from simple latches, which has been widely copied by other manufacturers [1][2] - These designs involve flush handles, buttons, and electrically powered latches, which can be confusing and potentially dangerous [2] Regulatory Response - Regulators in China are considering banning flush door handles, influenced by fatal incidents involving a Tesla competitor, Zhao Mi [7][9] - Europe is also closely examining the issue of complex door designs [7] - NHTSA opened a defect investigation into Tesla Model Ys, with potential expansion to other models [8] Manufacturer Actions - Tesla is reportedly working on making their doors more intuitive and safer [6] - Ford has already implemented a recall related to this issue in the US [7]

Cost Reduction - Volkswagen aims to reduce electric vehicle development costs in China by up to 50% [1]

Vietnamese electric vehicle maker VinFast reported a larger loss in the third quarter despite strong revenue growth, as costs tied to its global expansion continued to rise https://t.co/kRUGp0hNCg ...

Production Forecast - Xiaomi expects to deliver more than 400,000 cars this year [1] Electric Vehicle Business - The electric vehicle business has become profitable much faster than its peers [1] - The electric vehicle business shows accelerating momentum [1]

Industry Trend - Leasing firms are experiencing losses due to misjudging the rapid decline in electric vehicle prices [1]