Taking apart Tesla and Chinese EVs was a wake-up call for Ford's CEO. Jim Farley told the "Office Hours: Business Edition" podcast that it spurred him to overhaul the automaker.
Ford Motor Co. faces weak U.S. demand for electric pickups, with possible cancellation of the F-150 Lightning reflecting a broader EV market slowdown. F's rushed BEV strategy led to heavy losses, with $13 billion lost on BEVs since 2023 and uncertainty about future capital requirements. The company is pivoting to hybrids and extended-range electric vehicles, delaying new BEV models and reconsid...
The F-150 Lightning, which started its run in 2022, could be among the first, and most visible, casualties of the EV slowdown that has hit carmakers this year.
The Detroit three, which includes Ford, GM and Chrysler-parent Stellantis, have rolled back their ambitious plans for EVs, pivoting to their gasoline-powered models.
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