"Ford will lay off all 1,600 workers at its newly built electric-vehicle battery plant in Glendale, Kentucky, as it pivots away from EV production and converts the facility to make battery-storage systems for data centers, utilities, and renewable-energy developers, according to WDRB.The company said Monday it plans to begin shipping battery energy-storage systems from plants in Kentucky and Michigan in late 2027, calling the move a shift toward “higher-return opportunities,” according to the Wall Street Journal. Ford estimates the transition away from its EV strategy will cost $19.5 billion and disclosed that it has lost about $13 billion on EVs since 2023.“Instead of plowing billions into the future knowing these large EVs will never make money, we are pivoting,” CEO Jim Farley told the Journal.." Zero Hedge
