Ford hold-ups brand-new EV plant, terminates electrical three-row SUV

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.

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