Ford pivots from EV plans, announces reinvestment in gas, hybrid vehicles
Ford Motor Co. is pivoting away from its once-ambitious electric vehicle plans amid financial losses and waning consumer demand for the vehicles.
Watch CBS News
Ford Motor Co. is pivoting away from its once-ambitious electric vehicle plans amid financial losses and waning consumer demand for the vehicles.
Jim Farley discusses the difficulties of tariffs in imported parts, which have cost Ford a billion dollars – and may give an advantage to their competitors. He also explains why he drives a Chinese-made electric vehicle.
Ford unveiled a new assembly line on Monday, which CEO Jim Farley called the most radical change at Ford "since the Model T."
Michigan's governor met privately with President Trump to urge him to change course on tariffs that are having a big impact on automakers in her state.
Ford Motor Co. says it expects to take a $1.5 billion hit to its operating profit from tariffs this year.
About 50 cars and trucks that are part of Ford's Heritage Fleet are on display in Dearborn, Michigan.
The Michigan automaker began selling the much-anticipated EV last year and has sold 15,617 of them as of December.