Ford Motor said Monday it will take a $19.5 billion writedown and is killing several electric-vehicle models, in the most dramatic example yet of the auto industry’s retreat from battery-powered models in response to the Trump administration’s policies and weakening EV demand.The Dearborn, Mich.-based company said it will stop making the F-150 Lightning in its electric vehicle form, but will pivot to producing an extended-range electric model, a version of a hybrid vehicle called an EREV, which uses a gas-p ...

福特汽车(F.N)将2025年调整后息税前利润预期上调至70亿美元，此前预期为60亿至65亿美元。 本文源自：金融界AI电报 ...

Amid Ford’s shift away from making large electric vehicles, the automaker is adding a new product line to find a home for its batteries. Ford said Monday that instead of scuttling plans to build the batteries for those vehicles, it will pivot that capacity into a new battery storage business. Those storage systems, which will use cheaper LFP batteries, will be used to power data centers and help buffer demand on the electric grid.  Ford says the battery storage systems will start shipping in 2027 and that ...

Ford Motor said on Monday it will take a $19.5 billion writedown and is killing several electric-vehicle models, in the most dramatic example yet of the auto industry's retreat from battery-powered mo... ...

公司战略调整 - 福特汽车决定减少电动汽车的产量，低于原计划[1] - 公司决定增加同时使用汽油发动机和电池的混合动力汽车的产量[1] 财务影响 - 上述战略调整导致了额外的成本[1]

Ford is ending production of the fully-electric F-150 Lightning as part of a broader companywide shakeup of its electric vehicle plans, the company announced Monday. In its place, Ford will sell what’s known as an “extended range electric vehicle” version of the truck, which adds a gas generator that can recharge the battery pack to power the motors for over 700 miles. The company did not share when the new F-150 Lightning will go on sale, or how much it will cost. Ford said it will report a charge of $19.5 ...

DETROIT — Ford Motor expects to record about $19.5 billion in special items related to a restructuring of its business priorities and a pullback in its all-electric vehicle investments, the company announced Monday.The Detroit automaker said most of those charges will occur during the fourth quarter. That will be followed by $5.5 billion in cash to be charged through 2027, and the the majority of that chunk will be paid next year, Ford said.The charges will impact the automaker's net results but not its adj ...

公司战略调整 - 公司宣布一系列行动以优化其Ford+计划，果断重新部署资本以满足客户需求并推动盈利增长 [1] - 战略转向更高回报的机会，包括利用其美国制造能力增加卡车和货车产品线，并启动一个新的高增长电池储能业务 [2] - 由于需求低于预期、成本高昂和监管变化导致商业案例恶化，公司不再计划生产某些大型电动汽车 [2] 产品与平台战略 - 公司战略优先考虑可负担性、选择和利润，将扩大动力系统选择，包括一系列混合动力和增程式电动汽车，同时将纯电动汽车开发重点放在用于更小、更经济车型的灵活通用EV平台上 [3] - 到2030年，公司预计其全球销量中约50%将为混合动力、增程式电动汽车和纯电动汽车，高于2025年的17% [6] - 公司将把北美电动汽车开发重点放在新的低成本、灵活的通用EV平台上，该平台将支撑一个面向大众市场的小型、高效、经济型电动汽车家族 [7] - 公司计划根据客户需求和用途扩展混合动力车型，包括经济型、性能型以及可输出电力的混合动力车，并增强大型卡车和SUV战略，增加增程式电动选项 [8] - 下一代F-150 Lightning将转为增程式电动汽车架构，在密歇根州迪尔伯恩的Rouge电动汽车中心生产，当前一代F-150 Lightning的生产已结束 [9] - 下一代F-150 Lightning EREV预计将提供超过700英里的续航里程 [10] - 公司不再打算为欧洲生产先前计划的新电动商用货车，但将继续维持该市场的全系列电动货车产品线 [11] - 公司计划用一款新的经济型商用货车（提供汽油和混合动力型号）取代为北美计划的一款电动商用货车，该车将在俄亥俄装配厂生产 [11] - 公司计划到本十年末推出五款新的经济型汽车，其中四款将在美国组装，并计划在其产品组合中扩展汽油、混合动力和增程式电动选项，到本十年末几乎每款车都将提供混合动力或多能源动力系统选择 [12] 新业务与产能部署 - 公司正在启动一项新的电池储能系统业务，以抓住数据中心和基础设施对电池储能支持电网的巨大需求 [15] - 公司计划重新利用肯塔基州格伦代尔现有的美国电池制造产能，服务于快速增长的电池储能系统市场，并计划在未来两年投资约20亿美元以扩大该业务规模 [15] - 肯塔基州工厂将转为生产5兆瓦时以上的先进电池储能系统，包括LFP棱柱形电芯、电池储能系统模块和20英尺直流集装箱系统 [16] - 公司计划在18个月内使初始产能上线，并计划到2027年底每年部署至少20吉瓦时的产能 [17] - 根据与SK On等的合资处置协议，一家福特子公司将独立拥有和运营肯塔基州的电池工厂 [18] - 公司将利用密歇根州马歇尔的BlueOval Battery Park Michigan生产用于住宅储能解决方案的较小安时电芯，该工厂按计划将于2026年开始生产LFP棱柱形电池电芯，为即将推出的中型电动卡车（通用EV平台的首款车型）提供动力 [19] 制造布局与设施调整 - 田纳西州电动汽车中心更名为田纳西卡车厂，将生产全新的Built Ford Tough卡车车型，生产将于2029年开始，这些新的经济型汽油动力卡车将取代先前计划的下一代电动卡车 [21] - 俄亥俄装配厂将成为福特Pro的中心枢纽，从2029年开始组装新的汽油和混合动力商用货车，同时生产Super Duty底盘驾驶室 [21] 财务影响与业绩指引 - 这些行动为Model e业务单元到2029年实现盈利铺平了道路，目标是从2026年开始每年改善，并随着时间的推移提高Ford Blue和Ford Pro的利润，早期效益迹象将在2026年显现 [4] - 因此，公司预计将记录约195亿美元的特殊项目支出，大部分在2025年第四季度，其余在2026年和2027年，其中预计约55亿美元为现金影响，大部分在2026年支付，其余在2027年 [4] - 鉴于持续的基本业务优势（包括成本改善），公司将2025年调整后息税前利润指引上调至约70亿美元，并重申调整后自由现金流指引范围为20亿至30亿美元，趋势趋向于该范围的高端 [23]

The sum is among the largest impairments taken by a company and marks the U.S. auto industry's biggest reckoning to date that it can't realize its electric-vehicle ambitions anytime soon. ...

ConversationAdam Lange My name is Adam Lange. I'm the Head of Investor Relations. And on behalf of the entire Zealand Pharma team, we are very pleased to see so many of you today. Thanks a lot for spending the next few hours with us. Today, it is exactly -- almost exactly 2 years ago since we did our last Capital Markets event, our obesity R&D event in December 2023, where for the first time, at least towards a broader audience of investors and analysts, we really articulated the ambition of Zealand Pharma ...