Ford Fails Again

When Ford (NYSE:F) announced a $19.5 billion write-off on its electric vehicle business, shareholders didn’t panic. They exhaled. The stock barely flinched, trading near 52-week highs at $13.67, because investors were relieved Ford finally stopped burning cash on a battle it was never equipped to win. The write-off represents 36% of Ford’s entire $54.5 billion market ... Ford Fails Again