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  From Reuters : Ford Motor (F.N), opens new tab said on Monday it will take a $19.5 billion writedown and is killing several electric-vehicle models, in the most dramatic example yet of the auto industry's retreat from battery-powered models in response to the Trump administration's policies and weakening EV demand. The Dearborn, Michigan-based company said it will replace the fully electric F-150 Lightning with a new extended-range electric model that uses a gas-powered engine to recharge the battery. The company is also scrapping a next-generation electric truck, codenamed the T3, as well as planned electric commercial vans. “When the market really changed over the last couple of months, that was really the impetus for us to make the call,” Ford CEO Jim Farley told Reuters in an interview. Ford said it will pivot hard into gas and hybrid models, and eventually hire thousands of workers, even though there will be some layoffs at a jointly owned Kentucky battery plant in the n...

 

  Via Reuters : China's BYD (002594.SZ), opens new tab became the most popular vehicle brand in Singapore so far this year, outselling Toyota (7203.T), opens new tab for the first time, government data showed, as the fast-growing electric vehicle maker steps up efforts to boost overseas sales. In the first four months of 2025, BYD sold 3,002 cars, or 20% of total vehicle sales in Singapore. Toyota and BYD's main EV rival Tesla (TSLA.O), opens new tab sold 2,050 and 535 units each during the same period. Toyota used to hold the crown in the wealthy Asian financial hub where the population of cars is kept steady by an expensive certificate system, selling 7,876 cars in 2024, versus BYD's 6,191 sales. BYD's robust sales growth in Singapore underscores its efforts to focus on overseas markets amid bruising price competition in China. Reuters reported this month that China's No.1 automaker aims to sell half of its vehicles outside the Chinese market by 2030, a massive in...