Ford Motor Co.is again shifting its electrification strategy, canceling long-planned three-row electric crossovers and delaying its next-generation full-size electric pickup by 18 months as it dials down spending on full battery-powered products.
The automaker on Aug. 21 said the changes to its plans could cost up to $1.9 billion, including a $400 million noncash charge related to canceling the crossovers that it previously had postponed from 2025
Ford Motor Co.is again shifting its electrification strategy, canceling long-planned three-row electric crossovers and delaying its next-generation full-size electric pickup by 18 months as it dials down spending on full battery-powered products.