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|    Trump Fail: Ford To Halt Production Of F    |
|    01 Feb 26 14:27:46    |
      XPost: alt.fan.rush-limbaugh       From: X@Y.com              Oct 31 (Reuters) - Ford Motor (F.N)halt production of its F-150 Lightning       electric vehicle pickup trucks for six weeks from Nov. 18 to Jan. 6, the       Dearborn automaker said on Thursday.       Ford's U.S. plants are closed for a holiday week in December.       "We continue to adjust production for an optimal mix of sales growth and       profitability," a Ford spokesperson said.       Ford has been scaling back its EV plans, saying in August it was killing a       planned three-row electric SUV and pushing back a new electric version of       its best-selling F-150 pickup.       Advertisement · Scroll to continue       The company has instead thrown more investment into hybrid vehicles, which       combine an electric motor with a gasoline engine.       Ford said this month its Ford-brand U.S. EV sales are up 45% this year and       sales of F-150 Lightning more than doubled to 7,100 in the three months       ending Sept. 30 - thought they still represent just 3.6% of all F-Series       pickup sales.       The company in April cut production of the F-150 Lightning to one shift       after it announced in October 2023 it would temporarily cut one of three       shifts at its Michigan plant.       Advertisement · Scroll to continue       CEO Jim Farley has said one of the main solutions to slowing EV sales       growth is bringing production costs down. That is a key goal for the future       health of the company, which is expected to lose about $5 billion on EVs       this year alone.       Ford this week reported third-quarter net income of $900 million, or 22       cents per share, hurt by a $1 billion charge it took over the decision to       cancel production of the three-row EV SUV in August.              Stay up to date with the latest news, trends and innovations that are       driving the global automotive industry with the Reuters Auto File       newsletter. Sign up here.              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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