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Ford changes EV plans to delay EV truck, axe 3-row SUV
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Ford changes EV plans to delay EV truck, axe 3-row SUV
Aug 21, 2024 5:49 AM

DETROIT, Aug 21 (Reuters) - Ford Motor ( F ) is

reshuffling its electric vehicle plans, killing its three-row

SUV and delaying its next-generation pickup while adding a new

pickup and van to its future lineup as it adjusts to

slower-than-expected EV growth.

The automaker will take a special non-cash charge of

about $400 million for the write-down of certain assets for the

previously planned three-row SUVs, which may also result in

additional expenses and cash expenditures of up to $1.5 billion.

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