00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Ford Motor said Monday it expects to record about $19.5 billion in special items tied to
00:09restructuring and a pullback in all electric vehicle investments, according to CNBC. The
00:14automaker said most of the charges will hit in the fourth quarter, followed by $5.5 billion in cash
00:19charges through 2027, with the majority paid next year. The charges will affect net results but not
00:25adjusted earnings, as Ford raised its 2025 adjusted earnings before interest and taxes
00:31guidance to about $7 billion. The company said it will refocus on hybrids and extended range EVs,
00:37cancel a next generation of large electric trucks, shift towards smaller, affordable EVs,
00:41and target profitability in its Model E business by 2029. For all things money, visit Benzinga.com.
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