Ford Mustang Mach- E and F-150 Lightning on screen at the New York International Auto Show on March 28, 2024.
Danielle DeVries|
DETROIT– Ford Motor is postponing manufacturing of a brand-new plant in Tennessee to create a next-generation all-electric pickup and terminating prepare for a three-row electrical SUV, the firm stated Wednesday.
Instead, Ford stated it will certainly focus on the growth of crossbreed designs, in addition to electrical industrial cars such as a brand-new electrical industrial van in 2026, complied with by 2 pickup in 2027.
The pick-ups are anticipated to be a full-size vehicle, which will certainly be created at the Tennessee plant that’s presently unfinished in 2027, and a brand-new midsize pick-up.
Ford stated it will certainly sustain an unique non-cash cost of regarding $400 million for the write-down of particular product-specific production properties, consisting of the termination of the three-row SUV.
The firm stated the adjustments might additionally cause added costs and cash money expenses of approximately $1.5 billion. Ford will certainly show those in the quarter in which they are sustained, as an unique product.
Vehicle manufacturing at the brand-new plant in Tennessee was originally anticipated to start following year. The firm stated it still anticipates to start battery cell manufacturing at the website in 2025.
This is damaging information. Please examine back for added updates.
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