The industry was once euphoric about EVs, but consumer demand never took off as much as expected and, as it has fizzled, automakers have shifted their plans. Over the past five years, companies have wasted billions of dollars in capital,
Changing market dynamics and policies are forcing automakers into massive decisions. Ford is restructuring and refocusing its business on hybrids and extended-range EVs.
Ford is recalling more than 270,000 electric and hybrid vehicles in the U.S. because of a parking function problem that could lead to them rolling away.
Micron (MU) surged to new highs on robust earnings, historic margin guidance, and AI-driven demand, with products sold out through fiscal 2026. Ford (F) pivots its EV strategy, writing down $19.5B, shifting focus to hybrids, extended range, and launching a battery energy storage business targeting data centers.
Ford is recalling 272,645 vehicles in the U.S. due to a loss of park function, causing the vehicle to roll away and increasing the risk of a crash, the U.S. National Highway Traffic Safety Administration said on Friday.
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