American Auto Giant Pivots Plans to Build Electric Vehicles at Major Plant to Produce Heavy-Duty Pickups Instead

excalibur

Diamond Member
Mar 19, 2015
19,993
38,524
Sales, sales, sales.

Also, a tacit if unsaid nod to Trump winning in November.

Give POTATUS Biden an EV as a going away gift.


Ford is reversing course on plans to manufacture electric vehicles (EVs) at a major plant and instead will produce gas-powered, heavy-duty pickup trucks at the facility, Reuters reported Thursday.

The company initially planned to build three-row electric SUVs at its facility in Oakville, Canada, between 2025 and 2027, but the plant will now add capacity to produce 100,000 F-Series Super Duty trucks at the plant, according to Reuters. Ford said that it is still committed to producing those EVs on that timeline, though it is unclear which of its plants will handle that production.

Ford lost more than $4.5 billion on its EV product lines in 2023, and the American auto giant is expecting to lose more than $5 billion on them this year, according to Reuters. The company has previously stated that it will launch its next-generation EVs “only when they can be profitable.”



...



 
Sales, sales, sales.

Also, a tacit if unsaid nod to Trump winning in November.

Give POTATUS Biden an EV as a going away gift.


Ford is reversing course on plans to manufacture electric vehicles (EVs) at a major plant and instead will produce gas-powered, heavy-duty pickup trucks at the facility, Reuters reported Thursday.

The company initially planned to build three-row electric SUVs at its facility in Oakville, Canada, between 2025 and 2027, but the plant will now add capacity to produce 100,000 F-Series Super Duty trucks at the plant, according to Reuters. Ford said that it is still committed to producing those EVs on that timeline, though it is unclear which of its plants will handle that production.

Ford lost more than $4.5 billion on its EV product lines in 2023, and the American auto giant is expecting to lose more than $5 billion on them this year, according to Reuters. The company has previously stated that it will launch its next-generation EVs “only when they can be profitable.”



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It sounds as if they are placing their bet on who they think will win in 2024.
 

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