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Ford withdraws F-150 Lightning amid EV setbacks and massive charges

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Source: AP News
Ford withdraws F-150 Lightning amid EV setbacks and massive charges
Photo: AP News
TL;DR

Ford is discontinuing its fully-electric F-150 Lightning pickup due to financial losses and declining demand, shifting focus to hybrid and gasoline vehicles, and reallocating investments toward more profitable segments like trucks, vans, and hybrids, amid broader industry challenges with EV adoption.

Topics:top-newsbusiness#automotive-industry#business#electric-vehicles#ev-plans#f-150-lightning#ford
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  1. Ford scraps fully-electric F-150 Lightning as mounting losses and falling demand hits EV plans  AP News
  2. Ford to record $19.5 billion in special charges related to EV pullback  CNBC
  3. Stock Markets Are Suffering Amid Bubble Fears. Why Ford’s EV Pivot Offers Hope and 5 Other Things to Know Today.  Barron's
  4. Ford pulls the plug on the all-electric F-150 Lightning pickup truck  NPR
  5. Ford takes $19.5 billion hit as it pulls back on electric vehicle plans, halts F-150 Lightning production  CNN

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