At a packed investor day in Dearborn, Michigan, last year, Ford Motor F.N executives lauded their forthcoming three-row electric SUV, which they said would be rolling off assembly lines in 2025.
File: Ford Explorer electric cars stand in the hall at the start of production. It is the first electric car from Ford in Europe.
Removing a significant vehicle from Ford's EV future, one that executives had promised would differentiate the company in a crowded field, also means leaders will have to refresh their pitch to investors about how they will turn around the automaker's slumping stock. On Wednesday, Ford also said it planned to push back another much-anticipated vehicle, the new electric version of its F-150 truck, until 2027, two years after it was initially intended to launch. It said it will add an electric van to its future lineup as it doubles down on its strengths: pickup trucks and commercial vehicles.Some industry observers wondered why it took the automaker so long to switch gears.
The US$1.9 billion hit on the cancellation of the three-row SUV will sting, but many analysts said Ford ultimately made the right call. Canada Revenue Agency extending hours after finding phone system kept some callers from reaching agents Canada's two biggest railways have ground to an unprecedented halt, and as pressure mounts for federal intervention, Prime Minister Justin Trudeau says his government will have more to say 'shortly' on what it is doing 'to make sure that the right solution is found quickly for the economy.'
When Joanie Paquin was walking towards the water the other day, she was preparing to go paddle boarding with her visiting sister. She never expected to pick up a second passenger.New York Yankees defend Aaron Judge after Little League World Series coach says he ignored team 'Competitiveness has always been a part of me': Former Humboldt Bronco heading to Paris for Paralympics
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