Ford cuts electric F-150 Lightning production, takes $19.5B charge in strategic shift
Ford CEO Jim Farley announced the company is cutting production of the electric F-150 Lightning and refocusing its investment on hybrid vehicles and affordable EVs. The Detroit automaker announced the move on Monday and explained it will take a 5.5 billion in cash effects with the majority paid in 2026 and the remainder in 2027.Farley appeared on FOX Business Network's "Kudlow" and said the move will allow Ford t ...