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Ford postpones rollout of some new EVs as demand wanes
Ford MotorFord Motor(US:F) Fox Business·2024-04-05 03:01

Ford Motor Co. is pumping the brakes on the production of two forthcoming electric vehicle models as demand for EVs continues to wane. In a manufacturing update Thursday, Ford announced that it is pushing back the production launch of its planned three-row electric SUV at its assembly plant in Oakville, Ontario, from 2025 to 2027. The automaker said the two-year delay of its new SUV rollout "will allow for the consumer market for three-row EVs to further develop and enable Ford to take advantage of emerging ...