Reported about 2 months ago
Ford is revamping its electric vehicle strategy by canceling the launch of a large, three-row electric SUV and delaying its next-generation electric truck to 2027. The company will focus on more affordable EVs and hybrid technology for larger models, and it plans to introduce new pickup trucks and a commercial van in the coming years. These changes are part of a broader effort to address high EV costs while pushing back $12 billion in related spending.
Source: YAHOO