Ford to scale back electric vehicle plans, taking $19.5bn hit

Home › Ford to scale back electric vehicle plans, taking $19.5bn hit

The US carmaker is backing away from large electric vehicles, citing lacklustre demand and recent regulatory changes under US President Donald Trump.

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UK pharmaceuticals, car manufacturing and financial services are expected to benefit.

The former PM, who was chancellor during the crisis, says there was no "playbook" of how to respond to the pandemic.

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