Future Tech

Ford changes EV plans to delay EV truck, axe 3-row SUV

Tan KW
Publish date: Wed, 21 Aug 2024, 10:16 PM
Tan KW
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Future Tech

DETROIT -Ford Motor is reshuffling its electric vehicle plans, killing its three-row SUV and delaying its next-generation pickup while adding a new pickup and van to its future lineup as it adjusts to slower-than-expected EV growth.

The automaker will take a special non-cash charge of about $400 million for the write-down of certain assets for the previously planned three-row SUVs, which may also result in additional expenses and cash expenditures of up to $1.5 billion.

 


  - Reuters

 

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