The USA having invaded a major oil producing country changes things quite a bit, though an American civil war would change things a lot.Under Key points:
"The announcement comes after Ford said it would record similar writedowns following a broad resetting for the U.S. EV market due to consumer demand and changes by the Trump administration."
We expect the same losses, now that our government has changed direction again, too. The car industry faces massive issues having to offer ICE, hybrid and EV in parallel. this means 3 times the development work, 3 times parts storage, 3 times more complecate production etc. etc. etc. - not talking about having to look into alternative fuels, hydrogen etc. etc. etc.
Focussing on EV would have meant a slim down in cost, higher productivity, easier way of having different power options (1 or 2 engines, software limited power output etc.
Just one of the senseless decissions of that administration and of ours...
Paul