DETROIT, July 18 (Reuters) - Ford Motor ( F ) on
Thursday outlined plans to use a Canadian plant it had earmarked
for a future electric vehicle to instead build larger,
gasoline-powered versions of its flagship F-Series pickup truck.
Ford in April had already delayed the launch of the planned
three-row electric SUVs at its Oakville Assembly facility from
2025 to 2027, citing slower than expected growth in EV demand.
It said on Thursday it remained committed to those EVs and that
timeline but did not say where they would now be built.
The Dearborn, Michigan-based automaker plans to add capacity
for 100,000 F-Series Super Duty trucks at the facility,
including the ability to use what the company called "future
multi-energy technology."
"Super Duty is a vital tool for businesses and people around
the world and, even with our Kentucky Truck Plant and Ohio
Assembly Plant running flat out, we can't meet the demand," Ford
CEO Jim Farley said in a statement. "At the same time, we look
forward to introducing three-row electric utility vehicles."
Ford has increasingly leaned into production of hybrid
vehicles to win over consumers who aren't ready to go fully
electric. The automaker aims to quadruple hybrid production over
the next few years.
These lucrative F-150 heavy-duty trucks, which are
especially popular for the automaker's commercial business, are
also produced at assembly plants in Kentucky and Ohio.
The company plans to invest about $3 billion to expand Super
Duty production, including $2.3 billion to install assembly and
integrated stamping operations at the Oakville Assembly Complex.