Ford Motor Company is undergoing a major strategic shift, recording a $19.5 billion charge as it cancels the all-electric F-150 and scales back its EV market presence.
- The company has launched "Ford Energy," a new division led by Lisa Drake focused on battery storage and higher-return projects.
- Shares declined -1.52% to $13.59 on February 9, 2026, ahead of the company's earnings report scheduled for February 10.