• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Editor's Pick Ford to delay all-electric SUV to focus on offering hybrid vehicles across its lineup by 2030
Editor's Pick

Ford to delay all-electric SUV to focus on offering hybrid vehicles across its lineup by 2030

by April 5, 2024
by April 5, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Ford Motor is delaying production of a new all-electric three row SUV, as it shifts to offer hybrid options across its entire North American lineup by 2030.

The Detroit automaker on Thursday said it will continue to invest in EVs, but it is postponing production of the large SUV at a plant in Canada from 2025 to 2027 to allow for the market to mature more.

The shift in EV plans is the latest for Ford and the entire automotive industry as adoption has been slower than many expected and production costs remain high.

Ford last year said it would delay or cancel $12 billion in planned spending on new EVs due to the shifting market conditions as well as challenges to profitably building and selling the vehicles.

“As the No. 2 EV brand in the U.S. for the past two years, we are committed to scaling a profitable EV business, using capital wisely and bringing to market the right gas, hybrid and fully electric vehicles at the right time,” said Jim Farley, Ford president and CEO. “Our breakthrough, next-generation EVs will be new from the ground up and fully software enabled, with ever-improving digital experiences and a multitude of potential services.”

In the first quarter of 2024, Ford’s electric vehicle sales increased by 86% from subdued levels a year earlier. Hybrid sales for the automaker rose 42% year over year, while sales of Ford’s traditional vehicles with internal combustion engines were up 2.6%.

This post appeared first on NBC NEWS
You Might Also Like
  • U.S. added 818,000 fewer jobs than thought, adding to concerns about a slowing economy
  • Buy Buy Baby stores set to shutter as Go Global’s deal to save the chain falls apart at the eleventh hour
  • Nvidia’s $279 billion wipeout — the biggest in U.S. history — drags down global chip stocks
  • Kraft Heinz to remove artificial dyes from U.S. products by end of 2027
Share
0
FacebookTwitterPinterestWhatsapp

previous post
11 ways Biden and his handlers are hell-bent on destroying America
next post
A California bill would let workers ignore their bosses during off hours

You may also like

Quectel and Skylo Announce the World’s First Non Terrestrial Network...

January 6, 2023

Baby boomers and their cash are driving the housing market...

July 9, 2023

Taylor Swift agreed to FTX partnership, but the crypto exchange...

July 7, 2023

Target says its holiday sales were better than expected —...

January 16, 2025

Mortgage rates are slipping after a rapid rise

November 17, 2023

Apple releases first preview of its long-awaited iPhone AI

July 30, 2024

Dow tumbles 475 points, S&P 500 suffers worst day since...

April 17, 2024

UiPath to lay off 10% of workforce in companywide restructuring

July 10, 2024

NFL season expected to spur record $35 billion in legal...

September 4, 2024

Key fed inflation gauge cools to its slowest rate in...

June 28, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • OpenAI to release web browser in challenge to Google Chrome

      July 10, 2025
    • Sports executive charged with bid-rigging in Texas arena project

      July 10, 2025
    • How I Triple My Returns With 3x Leveraged ETFs!

      July 10, 2025
    • Want Faster, Lower Risk Trades? Use This Setup

      July 9, 2025
    • The Seasonality Trend Driving XLK and XLI to New Highs

      July 9, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,630 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,919 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,607 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,576 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,449 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,169)
    • Investing (538)
    • Stock (2,661)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • OpenAI to release web browser in challenge to Google Chrome

      July 10, 2025
    • Sports executive charged with bid-rigging in Texas arena project

      July 10, 2025
    • How I Triple My Returns With 3x Leveraged ETFs!

      July 10, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,169)
    • Investing (538)
    • Stock (2,661)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Disney appeals federal judge’s dismissal of...

    February 2, 2024

    Target sales ebb after Pride month...

    August 17, 2023

    Meet CrowdStrike, the company at the...

    July 20, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here