Jakarta, huutoanland Indonesia
—
Ford Motors
reduced the value of assets by US$19.5 billion (Rp. 325.55 trillion, exchange rate Rp. 16,695) and discontinued several electric car models due to the new direction of Trump’s policy and the decline in purchases of electric cars (EVs) in the United States (US).
Of the total losses, around US$8.5 billion (Rp. 141.8 trillion) came from the cancellation of planned EV models, US$ 6 billion (Rp. 100.1 trillion) related to the dissolution of the battery joint venture with South Korean company SK On and US$ 5 billion (Rp. 83 trillion) for other costs.
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All losses will be distributed with the largest portion charged in the fourth quarter and the remainder allocated until 2027.
Ford CEO Jim Farley said this decision was the company’s response to shocks in the US automotive market.
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“When the market really changed in the last few months, that was the driving force for us to make this decision,” said Jim on Monday (15/12), as quoted by Reuters.
Trump’s policy of removing federal support for EVs and loosening exhaust emissions rules is encouraging manufacturers to sell more fossil-based vehicles.
EV sales in the US fell 40 percent in November following the end of the consumer tax credit of US$7.5 thousand (around Rp. 125 million) on September 30.
Stop the F-150 Lightning
The F-150 Lightning electric pickup was among those affected, with sales dropping by 10 percent until November this year compared to the same period the previous year.
In response, Ford will replace the development of the new generation F-150 Lightning and replace it with a range-extended electric vehicle (EREV) hybrid model.
Plans to launch the new generation of T3 and the development of electric commercial vans were cancelled.
Ford’s Head of Gasoline and Electric Vehicle Operations Andrew Frick said the EV lineup in the future would shift towards cheaper models.Ford has set a price of US$30 thousand (around Rp. 500 million) for the first model which will be sold in 2027.
“Instead of spending billions of dollars more on large electric vehicles that now have no path to profitability, we are allocating that money to areas that generate higher returns,” concluded Andrew.
(iqb/fea)
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