This is KCBS Radio's daily Tech and Business Report. Today, KCBS Radio news anchor Holly Quan spoke with Bloomberg's Keith Naughton.

Ford has scaling back some of its electric vehicle plans. The company says it will reduce spending on EVs and scrap plans for an electric, three-row SUV

You can hear our Tech and Business report weekdays at 12:30 pm on KCBS Radio and for more, tune into Bloomberg Technology weekdays at 8 am.