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

#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

Ford to take $19.5 billion in charges tied to sweeping EV unwind #shorts #evs #ford

Ford CEO gives update on the state of the company

Ford slashes EV lineup, takes $19.5 billion write-down | REUTERS