Biker16 Posted December 17, 2025 Share Posted December 17, 2025 https://www.detroitnews.com/story/business/autos/ford/2025/12/17/ford-scraps-6-5-billion-ev-battery-contract-with-south-koreas-lg/87813145007/ Quote Ford Motor Co. canceled a $6.5 billion (9.6 trillion won) battery agreement with LG Energy Solution Ltd. as the Dearborn automaker continues rolling back its electric vehicle ambitions. Ford notified LG of the canceled order on Wednesday, the South Korean company said in a regulatory filing in Seoul. The amount is equivalent more than a third of LG’s total revenue last year. LG is the latest casualty of Ford’s retrenchment in EVs — the carmaker recently said it would take $19.5 billion in charges tied to the business and that it would scrap plans to make an electric F-Series truck. The company is also breaking up its U.S. battery venture with Korea’s SK Innovation Co. Ford’s announcement this week kicked off a cascade of signals that the EV era is entering a more uncertain, more contested phase. The European Commission backed away from what had been the world’s most aggressive timeline for phasing out internal-combustion engines, granting manufacturers and consumers more time to move off gasoline. Ford began cutting orders from battery suppliers last year to stem its losses from EVs, according to people familiar with the matter at the time. LG Energy shares fell 0.6% to close at 415,500 won on Wednesday before the announcement. Ford stock was down 2.3% in early afternoon trading in New York. Quote Link to comment Share on other sites More sharing options...
jpd80 Posted December 18, 2025 Share Posted December 18, 2025 Ford is paying a huge price for being overly aggressive with BEV infrastructure when the sales volume is yet to materialise. This is hard to watch. 4 Quote Link to comment Share on other sites More sharing options...
rmc523 Posted December 18, 2025 Share Posted December 18, 2025 Crazy Quote Link to comment Share on other sites More sharing options...
jpd80 Posted December 18, 2025 Share Posted December 18, 2025 (edited) 7 hours ago, rmc523 said: Crazy And the reason Farley is not in the firing line is because all of this electric future vision was what Bill Ford instructed him (and Jim Hackett) to get going with and make happen ASAP. Once every couple of decades, Ford will strike out early in the hopes of scooping the market but that’s a dangerous game when it goes wrong…… well, big BEVs and big batteries was wrong. To me, the bigger mistake was defunding Ford Blue projects to pay for this giant bet, now Farley realises that he needs more desirable suite of vehicles to stop the bleeding. Edited December 18, 2025 by jpd80 1 Quote Link to comment Share on other sites More sharing options...
akirby Posted December 18, 2025 Share Posted December 18, 2025 8 minutes ago, jpd80 said: And the reason Farley is not in the firing line is because all of this electric future vision was what Bill Ford instructed him (and Jim Hackett) to get going with and make happen ASAP Or the board. We don't know what he was forced to do or not forced. Some things he definitely owns like Oakville and he was too aggressive on many things. 1 Quote Link to comment Share on other sites More sharing options...
blazerdude20 Posted December 18, 2025 Share Posted December 18, 2025 (edited) Safe to say the EV bubble has popped. Hopefully Ford can survive and recover. At least they are not as deep in as the AI companies that are about to experience that bubble burst. Edited December 18, 2025 by blazerdude20 Quote Link to comment Share on other sites More sharing options...
jpd80 Posted December 19, 2025 Share Posted December 19, 2025 5 hours ago, akirby said: Or the board. We don't know what he was forced to do or not forced. Some things he definitely owns like Oakville and he was too aggressive on many things. I think the board takes their lead from Bill Ford, he has a big say in the decisions made at Ford motor because he represents the family and the controlling stock votes. Quote Link to comment Share on other sites More sharing options...
Texasota Posted December 19, 2025 Share Posted December 19, 2025 This is almost as entertaining as the EV evangelist that was banned. Can't you please de-ban him? It would be fascinating to hear what he has to say about the EV retrenchment. 3 Quote Link to comment Share on other sites More sharing options...
rmc523 Posted December 19, 2025 Share Posted December 19, 2025 19 hours ago, jpd80 said: And the reason Farley is not in the firing line is because all of this electric future vision was what Bill Ford instructed him (and Jim Hackett) to get going with and make happen ASAP. Once every couple of decades, Ford will strike out early in the hopes of scooping the market but that’s a dangerous game when it goes wrong…… well, big BEVs and big batteries was wrong. To me, the bigger mistake was defunding Ford Blue projects to pay for this giant bet, now Farley realises that he needs more desirable suite of vehicles to stop the bleeding. I think a lot of it came from Bill Ford too. That's one of the reasons Fields was let go, because the EV investment wasn't enough. 1 Quote Link to comment Share on other sites More sharing options...
rmc523 Posted December 19, 2025 Share Posted December 19, 2025 21 minutes ago, Texasota said: This is almost as entertaining as the EV evangelist that was banned. Can't you please de-ban him? It would be fascinating to hear what he has to say about the EV retrenchment. R-perez? Quote Link to comment Share on other sites More sharing options...
Texasota Posted December 19, 2025 Share Posted December 19, 2025 2 hours ago, rmc523 said: R-perez? Yes. I miss his posts. 1 1 Quote Link to comment Share on other sites More sharing options...
rmc523 Posted December 19, 2025 Share Posted December 19, 2025 23 minutes ago, Texasota said: Yes. I miss his posts. I did find his posts interesting, but the not hearing any other viewpoint thing was obnoxious. 1 Quote Link to comment Share on other sites More sharing options...
92merc Posted December 19, 2025 Share Posted December 19, 2025 One thing I don't recall seeing here is Ford is shifting it's battery production to produce batteries for energy storage. https://planetdetroit.org/2025/12/ford-shifts-ev-battery-plans/ Hopefully Ford can make some money of that option. Regain some of their spent money/effort. Quote Link to comment Share on other sites More sharing options...
rmc523 Posted December 19, 2025 Share Posted December 19, 2025 (edited) Just now, 92merc said: One thing I don't recall seeing here is Ford is shifting it's battery production to produce batteries for energy storage. https://planetdetroit.org/2025/12/ford-shifts-ev-battery-plans/ Hopefully Ford can make some money of that option. Regain some of their spent money/effort. It was posted, but may have gotten lost in the shuffle of some post merging. Yeah, at least they're creating a plan B option, and since they'll have the plant, I'd assume they could switch it back to automotive uses if/when the market demands it. Edited December 19, 2025 by rmc523 Quote Link to comment Share on other sites More sharing options...
akirby Posted December 19, 2025 Share Posted December 19, 2025 2 hours ago, Texasota said: Yes. I miss his posts. I miss his posts as much as I miss fiberglass underwear.. 4 Quote Link to comment Share on other sites More sharing options...
Texasota Posted December 20, 2025 Share Posted December 20, 2025 3 hours ago, akirby said: I miss his posts as much as I miss fiberglass underwear.. Can you please elaborate on your fiberglass underwear? Brand? 1 Quote Link to comment Share on other sites More sharing options...
akirby Posted December 20, 2025 Share Posted December 20, 2025 20 hours ago, Texasota said: Can you please elaborate on your fiberglass underwear? Brand? The pink ones, obviously...... 2 Quote Link to comment Share on other sites More sharing options...
jpd80 Posted December 21, 2025 Share Posted December 21, 2025 Yes I can imagine that poster being quite upset about the current situation Quote Link to comment Share on other sites More sharing options...
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