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International Business Times
International Business Times
Business
AFP News

Ford Adjusts EV Lineup As It Aims To Lower Vehicle Cost

Ford electric vehicle SUV
Ford pushed back the timeframe on a 'next generation' electric pickup truck to follow its F-150 Lightning (Credit: AFP)

Ford announced Wednesday fresh changes to its electric vehicle lineup, including the scuttling of a planned SUV model, lifting shares despite a hefty near-term profitability hit.

The adjustments -- which reflect a slower-than-expected transition to EVs in North America -- will result in around $1.9 billion in cost hits to Ford's earnings, according to a Ford securities filing.

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