Ford stock hovers near a 52-week high as battery-deal fallout tests its EV pivot
Ford shares closed at $13.31, down 0.4%, after LG Energy Solution canceled another major battery order days following Ford’s termination of a $6.5 billion supply deal. Ford is taking a $19.5 billion writedown, scrapping several EV programs, and shifting focus to hybrids and gasoline models as EV demand slows.