The move comes as a response to the Trump administration’s waning support for electrification and a weakening consumer market.

Much of that sum reflects expenses related to canceling fully electric models that had been years in the making.

All 1,600 employees of the brand new electric vehicle battery plant in Kentucky will be laid off before Ford converts it to manufacture batteries for data centers and other utilities.

Ford shifts EV strategy, takes $19.5B write-down and drops current Lightning production. Nasdaq seeks SEC nod for round-the-clock stock trading - report. Holiday shopping season ramps up.

Four years after Ford bravely electrified its best-selling vehicle, the F-150 Lightning pickup, it seemed ready to drop the model owing to slowing demand. Now, it turns out the company's got other plans.

No, Ford is not bringing the Ranger plug-in hybrid electric vehicle (PHEV) to the US. Ford shut down rumors that the midsize pickup would launch in the US. Here’s what’s coming instead. Although Ford is planning to expand its hybrid lineup in the US over the next few years, the Ranger will not be included.