Ford Motor Company has ceased production of the F-150 Lightning, its flagship full-size electric pickup, and will focus instead on hybrid vehicles and a future line of smaller, cheaper EVs. Battery plants once intended to supply Ford trucks will now be sending batteries to bolster the electric grid instead. Ford says the move is following customer demand, and reflecting the reality that the Lightning was a money-loser and Ford, concluded, it always would be.
The venerable carmaker is moving its headquarters for the first time in seven decades, relocating to a newly constructed building 3 miles (5 kilometers) away in its longtime home of Dearborn, Michigan. The new 2.1-million-square-foot (195,096-square meter) structure formally will be called "Ford World Headquarters" when it opens in November. It is part of a larger campus that will take the name of the current HQ: Henry Ford II World Center.