Ford takes $19.5 billion hit
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After years of bold EV promises, Ford is retreating from the F-150 Lightning and rewriting its electric future.
Ford is ending production of the F-150 Lightning truck and pivoting to focus on manufacturing hybrid vehicles and smaller electric vehicles.
Ford Motor is keeping the F-150 Lightning, but changing its technology. It plans to add thousands of jobs and enter this new business.
The move comes as a response to the Trump administration’s waning support for electrification and a weakening consumer market.
Desperate to catch up with Chinese automakers, Ford is redesigning its fleet with a Silicon Valley-style team. Is it too late?
Renault Group and Ford are joining forces to supercharge their electric vehicle strategies in Europe, announcing a major partnership that blends Renault’s EV expertise with Ford’s market presence. The two automakers will share electric platforms and collaborate on new light commercial vehicles (LCVs) to boost competitiveness across the continent.
Ford opened orders for the Bronco EV last month with pre-sale prices starting at RMB 229,800 ($32,300). Although it is available with a fully electric (EV) powertrain, it’s also offered as an extended-range electric vehicle (EREV).
South Korean battery manufacturer SK On will take full ownership of the battery plant at BlueOval City in Stanton after the company and Ford Motor Company announced plans to end their joint U.S. battery factory venture Thursday.