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International Business Times UK
International Business Times UK
Jim Manzon

Ford Cancels Electric F-150 Lightning in $19.5 Billion U-turn, Declares EVs 'Have No Path to Profit'

Despite earning industry awards, Ford lost money on every F-150 Lightning sold. (PHOTO: FORD.COM)

Ford Motor Company has officially discontinued its flagship all-electric F-150 Lightning pickup truck, citing the vehicle and other large battery-powered models as having 'no path to profitability' in a significant strategic shift that will result in a write-down of $19.5 billion (£14.5 billion).

The announcement, made on Monday, raises pressing questions for consumers who invested in electric vehicles under the belief they represented the future of motoring.

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