The automaker says a second-generation platform that will underpin a full-size pickup and two crossovers in the next few years will be key to making its EV business profitable.
Ford Motor Co. may be losing money on every electric vehicle it sells, and its Lincoln luxury brand may be rethinking its EV strategy, but the automaker is still forging ahead with ambitious growth plans.
It will happen some time in 2024 instead of this year, Ford now says. Also on indefinite delay is its 2 million EV production goal beyond 2026. CEO Jim Farley has said the next-generation products will be less complex to assemble than Ford's current EVs and more upgradeable with software that can add to profit margins through subscription services.
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