American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

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

by admin April 6, 2024
April 6, 2024
Ford to delay all-electric SUV to focus on offering hybrid vehicles across its lineup by 2030

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

0
FacebookTwitterGoogle +Pinterest
previous post
US ally Jordan rocked by pro-Hamas, Muslim Brotherhood protests over Gaza war
next post
A California bill would let workers ignore their bosses during off hours

Related Posts

Shein files for Hong Kong IPO in bid...

July 8, 2025

Pepsi and Delta say consumers are hunting for...

July 13, 2024

‘Broken organisation’: Musk responds to SEC’s lawsuit on...

January 15, 2025

Top Dow Jones catalysts as the Fear and...

May 12, 2025

Bitcoin ETF options launch spurs record inflows

December 7, 2024

T-Mobile falls 6% on lagging phone subscriber growth;...

April 26, 2025

Is there still space for Disney+ to thrive...

November 29, 2024

X boss Elon Musk tempers comments about advertisers...

June 24, 2024

Tesla stock price went parabolic: top 4 reasons...

April 10, 2025

NHS’ ‘missing billions’: England’s healthcare is in emergency...

September 13, 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.

    Latest News

    • How Donald Trump’s immigration crackdown may tank the labor market

      August 4, 2025
    • Trump’s tariff threat looms over India’s Russian oil deals

      August 4, 2025
    • Trump moves nuclear submarines near Russia: what triggered the move and what’s ahead

      August 3, 2025
    • BOE rate cuts offer little relief as UK households face mounting financial strain

      August 3, 2025
    • Retail investors shift focus to Europe as US valuations stretch

      August 3, 2025

    Categories

    • Business (3,583)
    • Investing (2,703)
    • Latest News (2,031)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.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 © 2025 americaninvesthub.com | All Rights Reserved