Five things to know about Ford’s $19.5bn EV writedown

Ford Motor announced a $19.5bn (R327.96bn) charge on electric-vehicle investments on Monday, the most visible sign to date of the auto industry’s pullback from a technology carmakers wholeheartedly embraced early this decade.

Five things to know about Ford’s $19.5bn EV writedown
Ford Motor announced a $19.5bn (R327.96bn) charge on electric-vehicle investments on Monday, the most visible sign to date of the auto industry’s pullback from a technology carmakers wholeheartedly embraced early this decade.