Transportation

Ford to Take $19.5 Billion in Charges Tied to EV Overhaul

Ford's EV Pivot Will Be 'Profit Positive,' CEO Farley Says

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By Keith Naughton and Gabrielle Coppola

December 15, 2025 at 7:01 PM UTC

Updated on

December 15, 2025 at 11:20 PM UTC

Ford Motor Co. will take $19.5 billion in charges tied to a sweeping overhaul of its electric vehicle business after struggling for years to make it profitable.

The majority of the charges will come in the fourth quarter, Ford said Monday in a statement. As part of the strategic shift, the automaker is canceling a planned electric F-Series truck, shifting production toward gas and hybrid vehicles and repurposing an EV battery plant.