Ford halts Lightning production, repurposes EV plants
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Detroit — Ford announced this week it will stop producing the all‑electric F‑150 Lightning, take about a $19.5 billion charge, repurpose several EV facilities to produce gasoline trucks and battery energy storage, and lay off roughly 1,600 workers at a Kentucky battery plant while shifting focus to hybrids and smaller EVs. Company executives cited sustained EV losses and weaker consumer demand as reasons for the shift, and Ford said it will redeploy capital to higher‑return businesses. Based on 11 articles reviewed and supporting research.
More context
Timeline
- 1. Post‑Tesla expansion: automakers increased EV investment following Tesla's market growth.
- 2. Since 2023: Ford reported approximately $13 billion in EV-related losses.
- 3. Early January (announcement week): Ford announced it will stop making the all-electric F-150 Lightning.
- 4. Company disclosed a roughly $19.5 billion impairment tied to EV restructuring and renamed/repurposed plants.
- 5. Ford will lay off about 1,600 Glendale, Kentucky plant workers and convert the facility to battery-energy-storage production.
Sources
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