The latest announcement is out from Ford Motor (F).
Facing a strategic shift away from producing all-electric three-row SUVs in favor of hybrid technology, a company is set to report a significant $400 million write-down in its upcoming third-quarter financial statements, with no immediate cash outlay. Additionally, the company anticipates further expenses up to $1.5 billion due to the change in production plans, which will be accounted for as special items in the period they occur.
Find detailed analytics on F stock on TipRanks’ Stock Analysis page.
