Ford Motor Co. Files 8-K: Impairments, Reg FD, Financials

TL;DR

FORD files 8-K: Material impairments, Reg FD, and financial statements updated as of Dec 9, 2025.

AI Summary

Ford Motor Company filed an 8-K on December 15, 2025, reporting events that occurred on December 9, 2025. The filing includes information on Material Impairments, Regulation FD Disclosure, and Financial Statements and Exhibits. Ford Motor Company is incorporated in Delaware and its principal executive offices are located at One American Road, Dearborn, Michigan.

Why It Matters

This 8-K filing provides crucial updates on Ford's financial health and regulatory compliance, potentially impacting investor decisions.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of material information and financial statements, not indicating immediate operational or financial distress.

Key Players & Entities

• FORD MOTOR CO (company) — Registrant
• December 9, 2025 (date) — Date of earliest event reported
• December 15, 2025 (date) — Date of report
• One American Road, Dearborn, Michigan 48126 (location) — Principal executive offices

FAQ

Key Financial Figures

• $3 b — pre-tax charge is estimated to be about $3 billion, which will be recognized in the
• $8.5 b — tax write-down is estimated to be about $8.5 billion, which will be recognized in the
• $500 million — ies. Included in these charges is about $500 million of cash expenditures we expect to make
• $5 billion — es and cash expenditures of up to about $5 billion and will recognize those charges in the
• $1 billion — special item. We expect to record about $1 billion of these expenses in the fourth quarter

Filing Documents

• f-20251209.htm (8-K) — 66KB
• exhibit99todecember15202.htm (EX-99) — 23KB
• exhibit99todecember15202001.jpg (GRAPHIC) — 236KB
• exhibit99todecember15202002.jpg (GRAPHIC) — 280KB
• exhibit99todecember15202003.jpg (GRAPHIC) — 282KB
• exhibit99todecember15202004.jpg (GRAPHIC) — 137KB
• exhibit99todecember15202005.jpg (GRAPHIC) — 146KB
• exhibit99todecember15202006.jpg (GRAPHIC) — 299KB
• exhibit99todecember15202007.jpg (GRAPHIC) — 308KB
• 0000037996-25-000238.txt ( ) — 2593KB
• f-20251209.xsd (EX-101.SCH) — 4KB
• f-20251209_def.xml (EX-101.DEF) — 15KB
• f-20251209_lab.xml (EX-101.LAB) — 29KB
• f-20251209_pre.xml (EX-101.PRE) — 16KB
• f-20251209_htm.xml (XML) — 5KB

06. Material Impairments

Item 2.06. Material Impairments . As previously disclosed, although we are investing in our electric vehicle ("EV") strategy, we anticipate that the market for EVs will continue to be challenging. As a result, we are taking several actions to adjust our business strategy, which impact our EV manufacturing capacity and product roadmap. BlueOval SK, LLC On December 9, 2025, Ford Motor Company ("Ford"), SK On Co., Ltd. ("SK On"), SK Battery America, Inc. ("SKBA," a wholly owned subsidiary of SK On), and BlueOval SK, LLC ("BOSK"), a joint venture company formed by Ford, SK On, and SKBA to build and operate an EV battery plant in Tennessee and two EV battery plants in Kentucky, entered into a Joint Venture Disposition Agreement. Pursuant to the Joint Venture Disposition Agreement, Ford's membership interest in BOSK will be redeemed and a Ford subsidiary will acquire the two BOSK plants and related equipment in Kentucky. Closing on the transactions contemplated by the Joint Venture Disposition Agreement is expected in the first half of 2026. As a result of Ford's entry into the Joint Venture Disposition Agreement, on December 9, 2025, we concluded that we will recognize a charge related to our share of BOSK's long-lived asset impairment and the impairment of our remaining investment in BOSK. The aggregate expected pre-tax charge is estimated to be about $3 billion, which will be recognized in the fourth quarter of 2025. The charge will be treated as a special item and will not result in any cash expenditures. EV Restructuring To date, we have observed lower-than-anticipated industrywide EV adoption rates due to changes in consumer sentiment, competitive dynamics, legal and policy changes, and, in the last few months, significant developments in vehicle pricing dynamics, among other factors that we continue to monitor. The recent termination of U.S. tax credits intended to incentivize the purchase of EVs has also negatively affected EV adoption rates. Further,

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure . BlueOval SK, LLC In addition to the charges described above with respect to BOSK, as a result of our entry into the Joint Venture Disposition Agreement, we also expect to recognize pre-tax charges of about $3 billion, which primarily reflects our expected assumption of debt related to the Kentucky plants that we have guaranteed, net of the fair value of the assets we expect to receive (including the Kentucky plants and related equipment). These charges will be treated as a special item, and we expect to recognize the charges in the first half of 2026 upon closing of the transactions contemplated by the Joint Venture Disposition Agreement, which is subject to the satisfaction of the conditions identified therein, including receiving approvals from various third parties. Included in these charges is about $500 million of cash expenditures we expect to make in 2026 in conjunction with the closing of the transactions under the Joint Venture Disposition Agreement. EV Restructuring As a result of the above decision to rationalize our EV manufacturing capacity and product roadmap, including our decision to cancel the previously planned EVs described above and no longer produce the current generation F-150 Lightning EV, we may incur additional expenses and cash expenditures of up to about $5 billion and will recognize those charges in the quarter they are incurred as a special item. We expect to record about $1 billion of these expenses in the fourth quarter of 2025 and the remainder in 2026. The following table summarizes the anticipated charges and expenses, cash expenditures, and timing thereof for the items described above in Item 2.06 and Item 7.01. Amounts shown in the table below are on a pre-tax basis (in billions) and will be treated as special items: Charges and Expenses Cash Expenditures 2025 2026 and 2027 (majority in 2026) 2025 2026 and 2027 (majority in 2026) Model e Asset Impairment / Program Cancellation As

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits . EXHIBITS * Designation Description Method of Filing Exhibit 99 News release dated December 15, 2025 Furnished with this Report Exhibit 104 Cover Page Interactive Data File ** (formatted in Inline XBRL) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FORD MOTOR COMPANY (Registrant) Date: December 15, 2025 By: /s/ David J. Witten David J. Witten Assistant Secretary * Any reference in this Form 8-K Report or the attached exhibit(s) to our corporate website(s), other websites, and/or other social media sites or platforms, and the contents thereof, is provided for convenience only; such websites or platforms and the contents thereof are not incorporated by reference into this Report nor deemed filed with the Securities and Exchange Commission. ** Submitted electronically with this Report in accordance with the provisions of Regulation S-T.

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View this 8-K filing on SEC EDGAR