Ford takes $19.5 billion hit
Digest more
Ford is rebooting F-150 Lightning
Digest more
Ford originally announced it would produce EV trucks in 2028, but it has now been replaced by the new production of gas-powered trucks.
Ford announced a series of moves in its EV business, pivoting to a hybrid and extended-range EV strategy instead of full EVs, and will take a whopping $19.5 billion in charges related to the move.
Ford Motor Company this week announced a new business plan that includes new American-made vehicles and a focused battery energy storage business. The
December 17 is set to be the last day of work at the Louisville Assembly Plant as it prepares to shut down for an extended time period for retooling, Courier Journal first reported on Monday. That means it’s time to bid adieu to the Ford Escape and Lincoln Corsair crossovers, whose production will end this week.
Ford’s announcements today can’t be said to have come out of the blue. Rumors of the F-150’s demise have been circulating for more than a month, and last week SK On ended its joint venture with Ford that was building a pair of EV battery plants in Kentucky and Tennessee.
The Detroit auto giant said on Monday it would pull back from electric vehicles in a move that would cost the company nearly $20 billion.
Ford will convert its BlueOval SK Battery Park into a facility that produces battery energy storage systems. Here's what that means for the automaker.
Ford Motor is recalling 32,160 vehicles in the United States, as loss of drive power increases the risk of a crash, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Tuesday.