Ford takes about $19.5 billion in EV charges, raises 2025 adjusted EBIT outlook
Ford said it will record about $19.5 billion in pre-tax special items tied to scaling back its electric vehicle plans, including an about $8.5 billion Model e asset write-down and about $3 billion related to its BlueOval SK battery joint venture. The company expects about $5.5 billion in cash effects, mostly paid in 2026, and raised its 2025 adjusted EBIT guidance to about $7 billion. The large charges weigh on shareholders even as the company lifts its profit outlook.
Key points
- About $19.5 billion in pre-tax special items, mostly recognized in the fourth quarter of 2025, with about $5.5 billion in cash effects, mostly paid in 2026
- About $8.5 billion Model e asset write-down, including ending production of the current F-150 Lightning EV
- About $3 billion pre-tax charge tied to the BOSK joint venture disposition agreement signed December 9, 2025, with closing expected in the first half of 2026
- 2025 adjusted EBIT guidance raised to about $7 billion; adjusted free cash flow guidance of $2 billion to $3 billion reaffirmed, trending toward the high end
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 15, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.