Ford to take $19.5 billion writedown, ends several EV models; shares up
Shares of Ford F.N up nearly 1.3% at $13.82 premarket
Automaker said on Monday it will take $19.5 billion writedown and is killing several electric-vehicle models, in the most dramatic example yet of the auto industry's retreat from battery-powered models in response to Trump administration's policies and weakening EV demand
TD Cowen maintains "hold" rating on the stock, says Ford's actions are expected to help drive Model-e to profitability by 2029
Model-e is expected to show improvement in 2026, though some of the restructuring (D&A) benefits are expected to be offset by higher UEV spend, Renault-related spend, and the energy storage investments - brokerage
Average rating of 23 analysts is "hold"; median PT $13 - data compiled by LSEG
As of last close, shares up nearly 38% YTD
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