Bills to ease the formula shortage head to the Senate after passing the House late last night, and Pres. Biden’s invoking the Defense Production Act — but criticism of the crisis is growing.
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Ford Takes $19.5 Billion Hit As It Pulls Back On Electric...
Ford Motor Company has announced an indefinite suspension of its electric F-150 Lightning production, resulting in a $19.5 billion charge against its earnings. Despite this, the automaker has raised its annual operating profit target to $7 billion, reflecting robust sales of its traditional gasoline-powered vehicles.
