The company, long focused on cars and trucks, plans to begin manufacturing large batteries used by utilities, data centers, other businesses and homeowners.
Ford Motor shut down a battery factory and laid off 1,600 workers after President Trump and Republicans gutted government support for electric vehicles.
“The Model S was a breakthrough and ushered in quite a number of technologies people hadn’t seen before,” said Sam Abuelsamid, an executive at Telemetry, a Detroit communications and research firm.
U.S. trade policy has devastated the Canadian auto industry and pushed the country to reach an agreement that will make it easier for Chinese companies to sell cars there.
Ford Motor said the costs came from its decision to make fewer electric vehicles than it had planned and more hybrids that use both gasoline engines and batteries.
Login
