Ford scraps F150 Lightning as mounting losses and falling consumer interest hits EV plans [BNN Bloomberg (Canada)]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: BNN Bloomberg
The Detroit-based automaker, which has poured billions of dollars into electrification along with most of its industry peers, said it will no longer make the F-150 Lightning electric pickup truck, instead opting for an extended range version of the vehicle. Ford will also introduce some manufacturing changes; its Tennessee Electric Vehicle Center — part of the BlueOval City campus and once the future of Ford's EVs and batteries — is being renamed the Tennessee Truck Plant and will produce new affordable gas-powered trucks instead. Ford's Ohio Assembly Plant will produce a new gas and hybrid van. The company has lost US$13 billion on EVs since 2023 and said it expects to take a US$19.5 billion hit largely in the fourth quarter due to the EV business. “This is a customer-driven shift to create a stronger, more resilient and more profitable Ford,” CEO Jim Farley said in a statement. “The operating reality has changed, and we are redeploying capital into higher-return growth opport
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News
- About 1,600 to be laid off as Ford repurposes BlueOval SK for energy storage in KY [Yahoo! Finance]Yahoo! Finance
- Ford's $19.5 billion EV writedown: five things to know [Yahoo! Finance]Yahoo! Finance
- Ford Takes $19.5 Billion Hit as It Pivots to Hybrids, Trucks, and Energy Storage [Yahoo! Finance]Yahoo! Finance
- Ford's $19.5 billion EV writedown: five things to know [Yahoo! Finance Canada]Yahoo! Finance Canada
- Ford pivots from EV plans, announces reinvestment in gas, hybrid vehicles [CBS News]CBS News
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Earnings
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Sec Filings
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- 12/12/25 - Form 8-K
- 12/3/25 - Form 4
- F's page on the SEC website