Overview
- Ford ended production of the all‑electric F‑150 Lightning and will replace it with an extended‑range electric F‑150 built in Dearborn, targeting an estimated 700‑plus miles of range with timing to be announced.
- The company outlined a $19.5 billion charge largely in Q4 2025, including about $8.5 billion for canceled EV models, roughly $6 billion tied to dissolving the SK On battery joint venture, and about $5 billion in program expenses.
- EV plant assets will be repurposed: the Tennessee Electric Vehicle Center is renamed the Tennessee Truck Plant to build new gas pickups starting in 2029, and the Ohio Assembly Plant will produce new gas and hybrid vans in 2029.
- Ford will launch a battery energy‑storage business using LFP capacity, investing roughly $2 billion over two years and planning shipments of about 20 GWh annually starting in 2027, with larger systems from Kentucky and smaller systems plus LFP cells from Michigan.
- Guidance and workforce updates include raising 2025 EBIT guidance to about $7 billion, projecting Model e profitability by 2029, and expecting near‑term job losses of at least 1,600 tied to battery operations with net hiring anticipated over time.