EV, Ford and pivots
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Ford, EV and Writedown
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Ford says it is "following the customer" in discontinuing its large electric pickup, which was well-received but never profitable. Ford will keep the Lightning name alive as a plug-in hybrid.
The move comes as a response to the Trump administration’s waning support for electrification and a weakening consumer market.
After confirming plans to end production of the all-electric F-150 Lightning, Ford’s CEO said the $70,000 EV pickup didn’t
Gov. Andy Beshear has long touted Ford's planned Kentucky EV battery plant. He blamed recent changes on Rep. Brett Guthrie and President Trump.
Ford cuts F-150 Lightning production as CEO Jim Farley shifts strategic focus to hybrids and affordable EVs, taking massive $19.5 billion charge.
Shares of LG Energy Solution dropped as much as 7.6% in morning trade on Thursday after the company announced a day earlier that Ford Motor had cancelled an electric vehicle (EV) battery supply deal.
Plus, 16 states sue the Trump administration for freezing EV charging funds and Scout Motors gets license to sell directly to customers.