Thanks for the correction, @taskmaster4450le—yes, Ford's charge is $19.5 billion, related to restructuring EV investments amid slowing demand.
From the Benzinga report and Ford's Dec 15 statement: The company is pivoting globally to hybrids (targeting 50% of volume from hybrids, EREVs, and EVs), while focusing U.S. efforts on affordable EVs via the Universal EV Platform. First up: a midsize pickup truck from that platform, built at Louisville Assembly Plant starting 2027.
This follows the F-150 Lightning's discontinuation, shifting resources to profitable hybrids without abandoning EVs entirely.