Ford shifts planned Canadian electric vehicle plant to build larger, gasoline-powered F-Series trucks due to slow EV demand growth, but still plans to introduce three-row electric utility vehicles.
Legacy automakers like Ford and GM are pulling back on ambitious EV goals and focusing on profitability, with Ford projecting losses in the billions and delaying EV launches until profitable.
Global EV demand slowdown leads market leaders like Tesla and BYD to cut prices, while legacy automakers benefit from established gas-powered vehicle factories, making gas vehicles more profitable.
Ford remains committed to EVs but emphasizes the importance of profitability, shifting focus to hybrid vehicles to appeal to consumers and facing tough competition in the EV market.
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