LG Energy Solution Ltd. said Wednesday it has been notified of the cancellation of a 9.6 trillion-won (US$6.5 billion) battery supply order from Ford Motor Co. signed last year. "This matter concerns the counterparty's decision to discontinue the production of certain electric vehicle (EV)

Ford Motor Co. announced a realignment of its long-term strategy, shifting investment toward hybrids, affordable EVs, expanded truck and van production and a new battery-storage business.

The Ford Motor Company has announced a comprehensive consumer-driven strategy shift that aims to maximize its profit growth, and deaths are following

Ford Motor Company this week announced a new business plan that includes new American-made vehicles and a focused battery energy storage business. The

According to a regulatory filing, the termination came after Ford notified LG that it would halt production of certain EV models due to policy

The Ford Motor Company's recent announcement regarding the near-future strategy (until 2030) includes the unsurprising bombshell of an EV truck's untimely death

Ford said it plans to take on about $19.5 billion in one-time charges related to a restructuring as the automaker scales back some of its EV plans.

Two Ford dealers say the automaker reimbursed just a fraction of the real cost for EV battery replacements, leaving them hundreds of thousands of dollars short.

The operating reality has changed, and we are redeploying capital into higher-return growth opportunities,” Ford CEO Jim Farley said.