Ford takes $19.5 billion hit
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Ford, F-150 Lightning
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The move comes as a response to the Trump administration’s waning support for electrification and a weakening consumer market.
Ford says the next generation of the F-150 Lightning pickup truck will transition to a range-extended EV powertrain.
Four years after Ford bravely electrified its best-selling vehicle, the F-150 Lightning pickup, it seemed ready to drop the model owing to slowing demand. Now, it turns out the company's got other plans.
Ford expects ~$19.5B in special items, mostly in Q4 2025, with the remainder across 2026–2027. Read more here.
Ford's next-generation F-150 Lightning ditches a pure EV format in favor of a gasoline-backed extended-range electric truck that promises massive range and towing capability.
The automaker is ending production of its electric pickup while planning a series-hybrid F-150 and a new low-cost EV platform. “The company is shifting to higher-return opportunities,” Ford says.
The company is taking $19.5 billion in charges related to its EV investments as it tries to follow consumer trends.