Ford executives announced a strategic pivot toward affordability, pledging to launch five new models priced under $30,000 to replace the discontinued Escape.
- The automaker is restructuring its balance sheet by absorbing a $6 billion hit from dissolving its SK On battery venture and a $600 million pension charge.
- Ford shares fell 1.49% to $13.60, pressured by a broader automotive sector downturn following a historic 25% plunge in Stellantis.