Ford writes down $19.5 billion
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After years of bold EV promises, Ford is retreating from the F-150 Lightning and rewriting its electric future.
2don MSN
Ford scraps fully-electric F-150 Lightning as mounting losses and falling demand hits EV plans
Ford Motor Co. is pivoting away from its once-ambitious electric vehicle plans amid financial losses and waning consumer demand for the vehicles.
Read: Jim Farley Warns Europe It’s Selling Its Future To Chinese Carmakers. Much of Ford’s early EV effort hinged on the F-150 Lightning. Promoted by some as a cornerstone of
Ford Motor announced a $19.5 billion charge on electric-vehicle investments on Monday, the most visible sign to date of the auto industry’s pullback from a technology carmakers wholeheartedly embraced early this decade.
Four years after Ford bravely electrified its best-selling vehicle, the F-150 Lightning pickup, it seemed ready to drop the model owing to slowing demand. Now, it turns out the company's got other plans.
Ford expects ~$19.5B in special items, mostly in Q4 2025, with the remainder across 2026–2027. Read more here.
Ford is ending production of the F-150 Lightning truck and pivoting to focus on manufacturing hybrid vehicles and smaller electric vehicles.
The automaker has announced several moves in the United States that emphasize hybrid and internal combustion engine vehicle production over fully battery-powered vehicles.
Ford says the next generation of the F-150 Lightning pickup truck will transition to a range-extended EV powertrain.
The Ford Louisville Assembly Plant will temporarily close this month as part of a $2 billion investment to bring a new EV truck to the facility.
Ford Motor Co.’s latest losses in its electric vehicle business shed light on why massive EV projects tied to Canada never moved forward.