Ford to scale back electric vehicle plans, taking $19.5bn hit

Home › Ford to scale back electric vehicle plans, taking $19.5bn hit

The US carmaker is backing away from large electric vehicles, citing lacklustre demand and recent regulatory changes under US President Donald Trump.

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UK pharmaceuticals, car manufacturing and financial services are expected to benefit.

The former PM, who was chancellor during the crisis, says there was no "playbook" of how to respond to the pandemic.

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16.12	UK unemployment rate rises slightly to 5.1%
16.12	Empty shelves fill food hub volunteers with dread
16.12	Nissan begins building new Leaf in UK
16.12	Ben & Jerry's row deepens as three board members removed
16.12	Meet the biggest heat pumps in the world
16.12	UK launches taskforce to 'break down barriers' for women in technology
16.12	Thousands of drivers wrongly fined for speeding since 2021
16.12	Ford to scale back electric vehicle plans, taking $19.5bn hit
More »