Ford CEO Jim Farley walked through Ford’s Michigan design studio Monday afternoon, reflecting on how he was about to wipe out thousands of work hours on electric vehicles that he and his team had hoped would revolutionize the American auto industry.

The move comes as a response to the Trump administration’s waning support for electrification and a weakening consumer market.

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.

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

Steve Westly, founder and managing partner at The Westly Group and former Tesla board member, joins 'Money Movers' to discuss Ford's shift away from all-electric vehicles, the global auto market, and more.

December 17 is set to be the last day of work at the Louisville Assembly Plant as it prepares to shut down for an extended time period for retooling, Courier Journal first reported on Monday. That means it’s time to bid adieu to the Ford Escape and Lincoln Corsair crossovers, whose production will end this week.

Ford originally announced it would produce EV trucks in 2028, but it has now been replaced by the new production of gas-powered trucks.