Ford, EV and BlueOval City
Digest more
Despite Ford's change in direction, officials said they believe the BlueOval City project will continue to be a game-changer for West Tennessee.
Ford Motor Co. has announced major changes to BlueOval City in Stanton that will affect what is produced at the site, employment numbers and more.
Ford shifts Blue Oval City production from electric to gas trucks, prompting state officials to consider renegotiating the $500 million incentives package used to lure the Detroit giant to Tennessee.
FOX13 reported earlier Monday that Ford's West Tennessee plant will start production of its new truck models in 2029. A sudden change in plans for the Ford Truck Plant doesn't necessarily mean changes for those who live and work in the Haywood County area.
Ford Motor Co. is pivoting away from its once-ambitious electric vehicle plans amid financial losses and waning
1don 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.
The automaker is realigning its future investments into multi-energy powertrains, battery-electric storage systems, and new truck and van models.
The announcement follows Ford’s November sales report, which showed EV sales plunging 60.8% YOY to 4,247 units after the federal $7,500 tax credit expired Sept. 30. Hybrid sales rose 13.6% in the same period.
Ford Motor Company is backing off their electrification plans, shifting their focus to more hybrids, and ending the production of the all-electric F-150 Lightning.
Ford said today it’s taking on roughly $19.5 billion in charges related to its electric-vehicle business. It’s one of the largest corporate write-downs ever, underscoring a growing realization in the auto industry that electric-vehicle ambitions will take longer to materialize than expected.