Dearborn (Michigan) – Ford is making a U-turn in its electric car strategy, writing off $19.5 billion and discontinuing several electric models. “Instead of spending billions more on big electric cars that no longer have a path to profitability, we’re investing that money in areas with higher returns,” said Andrew Frick, head of Ford’s combustion engine and electric car division. The traditional US company from Dearborn in the state of Michigan wants to concentrate more on models with combustion and hybrid drives instead.
