Ford Motor plans two major cost-cutting measures -- pause production of the F-150 Lightning electric pickup truck from mid-November until early next year and reduce manager bonuses -- as the company navigates losses in its electric car business.
The Rouge Electric Vehicle Center in Detroit, which is already on one shift, will be shut down for seven weeks from Nov. 18 to Jan. 6, which includes the scheduled holiday break at the end of the year, the Dearborn automaker announced Thursday.
