Ford Motor said Monday it expected to take about $19.5 billion in charges, mainly tied to its electric-vehicle business, a massive hit as the automaker retrenches in the face of sinking EV demand.The sum is among the largest impairments taken by a company and marks the U.

Ford confirms it has ended production of the F-150 Lightning, and will relaunch it as an "extended range electric vehicle" (EREV). It's the end of an era for the iconic pickup truck, which debuted in 2022.