Ford Expanding F-Series Truck Production As Electric Vehicle Demand Slows
FFord Motor(F) Forbes·2024-07-18 23:11

ToplineFord will invest about 3billiontoexpandproductionofitsF−Seriestrucks,manufacturingsomeofthevehiclesataCanadianplantpreviouslyreservedforelectricvehicleproduction,thecompanyannouncedThursday,asFordandotherautomakersreacttoaslowedelectricvehiclemarket.Theautomakerestimatedlossesofupto3 billion to expand production of its F-Series trucks, manufacturing some of the vehicles at a Canadian plant previously reserved for electric vehicle production, the company announced Thursday, as Ford and other automakers react to a slowed electric vehicle market.The automaker estimated losses of up to 5.5 billion from its eclectic vehicle business this year. AFP via Getty Images Key FactsThe investment includes $2.3 billion to expand production for F-Series Super Duty truc ...