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Some months ago, when Ford confirmed it was dropping the Escape and Corsair compact SUVs, to convert the plant to build smaller EV pickups, I suggested the "affordable" EV pickup was vaporware, to provide political cover for closing the plant, and putting 2800 USians out of work, to juice Ford's ATP and GP.
If they are about to stick a fork in the EV version of the F-150, what does that say about the greenfield "Blue Oval City" EV pickup plant, the three battery plants, and the supposed $2B they were going to spend on the smaller EV pickup? Is Farley going to keep the charade going another year and a half, until he retires, so the next guy is the one to eat a multi-billion dollar writeoff?
Ford mulls pulling the plug on F-150 Lightning as losses pile up - report
Ford (F) might be throwing in the towel on its electric pickup truck, as lackluster demand and an end to government tax credits could spell the end to the Ford Lightning.
According to sources cited by The Wall Street Journal, Ford (F) executives are in “active discussions” to end production of the vehicle once praised as Ford’s (F) Model T moment.msn.com - Ford mulls pulling the plug on f lightning as losses pile up reportSteve
