Yow and OUCH!
The knives are out at Ford’s EV division, and I sure hope their UAW members enjoyed the few weeks of living large they had before getting kicked to the #Bidenomics curb.
It turns out the shining star in the EV firmament Ford thought they had was actually more of a dwarf star, and rapidly turning into a black hole. Execs have unsheathed the corporate katana, and gone to work slashing away on the production numbers.
Ford Cuts Electric F-150 Plans in Ominous Sign for EV Market
Ford Motor Co. is cutting 2024 production goals in half for its F-150 Lightning plug-in pickup truck — its signature electric vehicle — due to slowing demand for battery-powered models.
The automaker now intends to build 1,600 of the trucks a week next year at its plant in Dearborn, Michigan, down from a previous plan to manufacture 3,200 weekly, a company spokeswoman said. Ford has been…
