Ford delays pickup truck and axes three-row SUV due to 'slow EV growth'
FINANCE.YAHOO.COM
EV slowdown
SUMMARY

Ford Motor is changing its electric vehicle strategy by canceling plans for a three-row SUV and delaying its next-generation pickup truck. The company will incur a $400 million non-cash charge for the write-down of certain assets linked to the canceled SUV. Slower-than-expected EV demand has caused Ford, alongside other automakers, to reassess its spending on electric vehicles.

Ford CEO Jim Farley praised the California team developing affordable EV technology, aiming for a mid-size electric pickup in 2027. An electric commercial van is also planned for 2026.

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