Ford Motor Company

F

US3453708600

Auto & Truck Manufacturers

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13.68 ^USD	+0.63%		-0.69%	+3.93%

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Ford Cancels $6.52 Billion EV Battery Contract with LG

Published on 12/17/2025 at 06:58 am EST - Modified on 12/17/2025 at 06:59 am EST

Dow Jones

FORD MOTOR COMPANY

+0.63%

LEGAL & GENERAL PLC

+1.06%

LG ELECTRONICS INC.

+1.36%

By Nicholas G. Miller

Ford has canceled an electric vehicle battery contract with LG worth 9.6 trillion Korean won (US$6.52 billion).

The contract was set to run from 2027 to 2032.

The cancellation is tied to Ford's decision to discontinue the production of certain electric vehicle models due to changes in its policy and the demand environment for EVs.

Earlier this week, Ford said it expects to take $19.5 billion in charges as part of its shift away from electric vehicles.

Write to Nicholas G. Miller at nicholas.miller@wsj.com

(END) Dow Jones Newswires

12-17-25 0657ET

Stocks mentioned in the article

Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
FORD MOTOR COMPANY	13.68USD	+0.63%	-0.69%	54.15B
LEGAL & GENERAL PLC	265.90GBX	+1.06%	-1.12%	20.24B
LG ELECTRONICS INC.	104,000.00KRW	+1.36%	+7.66%	12.06B

Latest news about Ford Motor Company

07:44am	Stocks Rise Pre-Bell as Investors Await More Earnings, Retail Sales Report	MT
06:52am	MORNING BID AMERICAS-Yen lift, dollar drift	RE
06:37am	Yen lift, dollar drift	RE
06:14am	North American Morning Briefing : U.S. Futures Steady Ahead of Economic Data	DJ
03:22am	The IBEX 35 Consolidates Its Rebound, With Asia in the Green and Tech Sector Calm	RE
01:42am	Honda third-quarter profit slumps over 60% as EV restructuring bites	RE
Feb. 09	Dow Hits New High Amid Tech-Led Advance	MT
Feb. 09	S&P 500 Companies' Earnings Growth Eases, Sales Rise Accelerates, Oppenheimer Data Show	MT
Feb. 09	Equity Markets Mostly Rise Intraday as Tech Jumps	MT
Feb. 09	UAW says Ford worker who heckled Trump kept job, not disciplined	RE
Feb. 09	Calendar Tuesday, February 10	FW
Feb. 09	European Stock Markets Buoyed by Wall Street and Japan
Feb. 09	The IBEX Recovers Ground, Buoyed by Asia and Chip Rebound in the US	RE
Feb. 06	Diary - U.S. earnings week ahead	RE
Feb. 06	Stellantis shares plummet on $26.5 billion writedown in EV pullback	RE
Feb. 06	Global carmakers book $55 billion hit from EV rollback	RE
Feb. 06	Stellantis Shares Plunge After Jeep Maker Books $26 Billion Charge in EV Strategy Shift	DJ
Feb. 06	Jeep Maker Stellantis Books $26 Billion Charge in EV Strategy Reset -- Update	DJ
Feb. 06	LG Energy Solution to buy Canada JV stake from Stellantis for $100 as EV demand falters	RE
Feb. 06	Stellantis plunges on $27 billion bill for EV pullback	RE
Feb. 05	Canada to Toughen Tailpipe Emissions Standards, Ditch EV Sales Mandate -- Update	DJ
Feb. 05	Canada to Toughen Tailpipe Emissions Standards, Ditch EV Sales Mandate	DJ
Feb. 05	BYD shifts to local parts in Brazil factory in bid for market leadership	RE
Feb. 04	UAW, Volkswagen reach tentative deal at Tennessee plant	RE
Feb. 04	Geely in Talks to Use Ford's EU Factory Space	MT

Ford Motor Company is the biggest car manufacturer in the world. Net sales break down by activity as follows: - car sales (93.4%): Ford and Lincoln brands; - financing services (6.6%): primarily vehicle purchase financing. Net sales are distributed geographically as follows: the United States (67.6%), Canada (7.3%), the United Kingdom (5.4%), Mexico (1.4%) and other (18.3%).

Employees

171,000

Sector

Auto & Truck Manufacturers

Calendar

04:05pm - Q4 2025 Earnings Release

More about the company