Ford Motor Co. is in early discussions with the Trump administration about working on defense projects, Chief Executive Officer Jim Farley said.

Ford Motor Co.’s top electric vehicle executive — whose arrival at the automaker was heralded as a “watershed moment” — is leaving the company as part of a sweeping reorganization to merge its EV and manufacturing operations. Doug Field, 61, said Wednesday he’s stepping down from his position as chief EV, digital and design officer to pursue undefined opportunities sharing what he’s learned from his career at Ford, Apple Inc. and Tesla Inc. Ford said Field’s duties will be assumed by Chief Operating Officer Kumar Galhotra. Bloomberg's Craig Trudell joins to discuss. (Source: Bloomberg)

Ford Motor Co. has held discussions with China’s Zhejiang Geely Holding Group Co. about sharing manufacturing capacity in Europe, with the US carmaker seeking new global partnerships as it overhauls its electric vehicle strategy.

SK Innovation Co. said the termination of a battery joint venture with Ford Motor Co. in the US resulted in a 3.7 trillion won ($2.6 billion) asset loss, as the cost of a pullback in global electric vehicle ambitions ripples through the supply chain.

SK Innovation Co. said the termination of a battery joint venture with Ford Motor Co. in the US resulted in a 3.7 trillion won ($2.6 billion) asset loss, as the cost of a pullback in global electric vehicle ambitions ripples through the supply chain.

Ford Motor Co. canceled a 9.6 trillion won ($6.5 billion) battery agreement with LG Energy Solution Ltd. after the US automaker rolled back its electric vehicle ambitions.