Ford will write down hundreds of millions of dollars because of the pivot. A key reason for the change, an analyst tells NPR, is that big batteries bring big costs.
The four major U.S. automakers — GM, Ford, Stellantis and Tesla — all reported earnings this week and saw their stocks decline. The auto industry is at a "Darwinian" inflection point, says one CEO.
The United Auto Workers union said Friday that nearly 9,000 workers at the Kentucky Truck Plant in Louisville will strike on Feb. 23 if a local contract dispute is not resolved.
The National Highway Traffic Safety Administration said a detached piece of trim on the SUVs could become a "road hazard" and increase the risk of a crash.
The move comes as the company is in the midst of national contract talks with the United Auto Workers union, which wants to represent workers at battery factories and win them top wages.
Historic as the UAW strikes may be, analysts say the actions are unlikely to impact car prices too much — for now. A new strike on parts distribution centers, however, could sting.
For the first time, the UAW is on strike against the Big 3 U.S. automakers at once. Workers at three plants have been called out so far, with more to follow Friday if there's no progress on a deal.
There are several ways the unprecedented United Auto Workers strike could hit the economy, but it will depend on how long the strike lasts and how many plants are affected, among other factors.
In a wide-ranging interview, Ford's CEO shares his thoughts about his company's ramp-up in electric cars and the state of charging. (He's very happy about that Tesla deal, too.)