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yesterday

Ford Cancels F-150 Lightning EV in $19.5 Billion Pivot to Hybrids and Lower-Cost Models

The retrenchment follows a sharp U.S. EV sales slide after the $7,500 buyer credit expired in September.

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Ford-Zentrale in Dearborn, Michigan
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Der US-Autobauer Ford hat seine Pläne für den Bau insbesondere größerer E-Autos deutlich zurückgeschraubt. Die Nachfrage nach diesen Autos sei deutlich geringer als erwartet, teilte das Unternehmen am Montag mit.

Overview

  • Ford will record a $19.5 billion charge mostly in Q4 2025, including about $8.5 billion for canceled EV models, $6 billion to unwind its SK On battery joint venture, and $5 billion for other project costs.
  • The company is ending production of the all-electric F-150 Lightning and scrapping next‑generation electric trucks including the T3, shifting the pickup to a hybrid with a range‑extender generator.
  • Executives outlined a move toward hybrids and smaller, cheaper EVs, with a new platform targeting models starting around $30,000 and first launches planned from 2027.
  • U.S. EV sales fell about 40% in November after the tax credit lapsed on September 30, and Ford’s EV share dropped to roughly 5% from about 12%, according to CEO Jim Farley.
  • Ford signaled near‑term job cuts at a Kentucky battery plant and longer‑term hiring for gasoline and hybrid production, while lifting its 2025 adjusted EBIT outlook to about $7 billion.