Ford takes $19.5 billion hit
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The automaker is ending production of its electric pickup while planning a series-hybrid F-150 and a new low-cost EV platform. “The company is shifting to higher-return opportunities,” Ford says.
Ford has an answer to the F-150 Lightning's woes: turn it into a 700-mile extended-range electric vehicle (EREV) for the next generation.
From the death (and reincarnation) of the F-150 Lightning, to silly high transaction prices for new Cadillacs, to a pay-to-play frunk, things aren’t the way they were yesterday. Here, we’ll round up the biggest news stories of the last 24 hours on AutoBlog and divvy them up into
Ford announced a series of moves in its EV business, pivoting to a hybrid and extended range EV (EREV) strategy instead of full EVs, and will take a whopping $19.5 billion in charges related to the move.