Ford Motor Company is pivoting its focus to hybrid and gas-powered vehicles, resulting in a significant scaling back of its electric vehicle ambitions, including the discontinuation of its F-150 Lightning EV. The company expects a $5 billion loss in its EV division and total charges of $19.5 billion. Despite these challenges, Ford has reported a 36.7% increase in year-to-date performance and received upgrades in its overall performance grades, projecting an adjusted operating profit of $10 billion to $12 billion.