How Ford’s bet on an electric ‘truck of the future’ led to a $19.5bn writedown
The F-150 Lightning economics did not add up but also reflected industry-wide miscalculation of US EV uptake
The F-150 Lightning economics did not add up but also reflected industry-wide miscalculation of US EV uptake

Group scraps plans for some electric trucks as it contends with Trump regulatory changes and tepid demand

Group posts full-year net loss of $8.2bn owing to $19.5bn charge it disclosed last month

New range will include a midsize, four-door electric pick-up priced from $30,000

Ford bet big on its EV project, and it resulted in a $19.5 billion write-down people didn't buy enough of them.

Electric truck start-up’s CEO says it is ‘inconceivable’ traditional groups can keep market share without better software

Detroit carmaker has secured a $3bn credit line to prepare for rising cash pressure