Reported about 2 months ago
Ford Motor Company is restructuring its electric vehicle plans, delaying the launch of its next-generation pickup truck and scrapping its three-row SUV due to slower EV demand. The company anticipates a non-cash charge of around $400 million and potential additional costs up to $1.5 billion from these changes. Despite the setbacks, Ford plans to introduce a mid-size electric pickup by 2027 and an electric commercial van starting in 2026, while shifting focus towards hybrid vehicles for the three-row SUV segment.
Source: YAHOO