Overview
- Ford cancels its planned three-row electric SUV, leading to a $1.9 billion loss.
- The company will delay the launch of its new electric F-150 truck until 2027.
- Ford plans to introduce a midsized electric pickup and an electric van in the coming years.
- The shift reflects broader industry trends towards hybrids and smaller, more affordable EVs.
- Analysts question Ford's initial EV strategy and its ability to adapt quickly.