Ford announced a sweeping overhaul of its electric vehicle business after struggling for years to make it profitable. The strategic shift will result in $19.5 billion in charges, the company said Monday. CEO Jim Farley joined
1:59
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Ford announced a sweeping overhaul of its electric vehicle business after struggling for years to make it profitable. The strategic shift will result in $19.5 billion in charges, the
Bloomberg Business(@bloombergbusiness). original sound - Bloomberg Business. Ford announced a sweeping overhaul of its electric vehicle business after struggling for years to make it profitable. The strategic shift will result in $19.5 billion in charges, the company said Monday. CEO Jim Farley joined
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#Ford expects to record about $19.5 billion in special items, mostly during the fourth quarter, the automaker said Monday. The charges are related to a restructuring of its business priorities and a pullback in its all-electric vehicle investments. Read more at the #linkinbio or tap on your screen. #CNBC
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