Transportation

Ford Venture’s $9.6 Billion US Loan to Shrink Following Breakup

A Ford F-150 Lightning Platinum electric pickup.
Photographer: Andrej Ivanov/Bloomberg

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By Ari Natter, Keith Naughton, and Shinhye Kang

December 11, 2025 at 11:23 AM UTC

Updated on

December 11, 2025 at 6:16 PM UTC

The Trump administration will reduce an up to $9.6 billion US loan to Ford Motor Co. and South Korea’s SK Innovation Co. after the companies announced plans to break up their electric vehicle battery-making joint venture.

An Energy Department spokesman said the loan, finalized in the waning days of the previous administration for the construction of plants in Tennessee and Kentucky, would be restructured to “reduce exposure to taxpayers and ensure its prompt repayment.”