It's Benzinga, and here's what's on the block.
Ford is delaying production of all electric SUV and pickup
trucks,
pushing the SUV to 2027 instead of 2025 and the
truck to 2026 instead of late 2025.
The automaker will instead focus on offering hybrid options across
its entire North America lineup by 2030.
Ford cited allowing more time for the EV market and
the battery technology to mature as the reasons for the
delay.
Production of the three row SUV was planned for Ford's
Oakville plant in Canada,
which is now being retooled.
Ford's new Blue Oval City facility in Tennessee will start
building the electric truck in 2026 instead of 2025.
Battery plant construction continues in Michigan,
Tennessee and Kentucky as planned.
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