Ford cancels electric SUV, delays others as it rethinks electric cars – again

AutoExec Summary
Ford is making changes to its electric car strategy, cancelling some models and delaying others to focus on battery and hybrid technology. The company plans to introduce more hybrid models and postpone the release of electric commercial vehicles. Ford aims to achieve profitability from electric cars by offering a new mid-sized US-built electric pick-up in 2026. The company will reduce spending on electric technology and prioritize hybrid versions of certain models. Ford remains committed to developing affordable electric vehicles to compete with Tesla. The company also plans to improve battery technology to lower manufacturing costs and increase driving range.

Brands mentioned: Ford, Volkswagen, Mercedes-Benz, Porsche, Audi, Lamborghini, Alfa Romeo, Ineos