EV-lution
Ford is putting its electric vehicle plans in reverse.
On Monday, the Michigan automaker announced it’s pulling the plug on larger EVs (think: the F-150 Lightning and E-Transit van) to focus on smaller EV models and hybrids, citing “lower-than-expected demand, high costs, and regulatory changes.” Ford expects to tally $14B in one-time restructuring charges in this year’s books and another $5.5B in 2027.
The Blue Oval’s also revving up for the AI race, announcing it will convert two existing plants into data center battery storage.
Meanwhile, iRobot Inc. is biting the dust. The Roomba vacuum-maker filed for bankruptcy Sunday, then announced it would be acquired by its manufacturer, Picea Robotics, after owing over $3M in unpaid tariffs. iRobot said its products would continue operating despite the filing—good news for cats who like to ride around on their vacuum thrones.
Verse to consider when you’re not sure if your own ideas are worth putting in drive or sweeping into the bin… “Now if any of you lacks wisdom, he should ask God—who gives to all generously and ungrudgingly—and it will be given to him.”
James 1:5 (CSB) (read full passage)
