The company expects to lose another $3 billion this year in its transition from internal combustion cars to electric.

EVs account for about 5% of car purchases, according to automotive website Edmunds. Rivals to Tesla are making inroads.

Ford needed a sewer line to build its $5.6 billion plant in Tennessee. But neighboring communities now have to build their own wastewater system to accommodate new residents who come for the new plant jobs.

Analysts say rightsizing is part of a bigger shift playing out in the auto industry.

One of America’s largest automakers announced that it would cut 3,000 jobs to lower costs amid its shift toward EVs.

The automotive business has its ups and downs, but union contracts protect workers from big pay cuts.

Big companies like Ford, Target and Microsoft plan to have some workers on-site, some remote. Those on-site may gain advantage, experts say.

When the pandemic first hit last spring, auto plants shut down and carmakers curbed semiconductor orders.

The auto manufacturer says its global operations hit the “off” switch, and anticipates higher losses in the second quarter.

Offers include seven-year interest-free loans and no payments for six months.