At the Canadian International Auto Show in Toronto, Ontario, a visitor had the opportunity to view the 2020 Ford Escape FWD small SUV, which is a titanium hybrid. The event took place on February 18, 2020, and was captured by Chris Helgren in a Reuters photograph.
Ford Motor, based in Detroit, has announced a shift in its production plans. The company is delaying the production of a new all-electric large SUV and pickup truck. Instead, it is focusing on offering hybrid options across its entire North American lineup by 2030.
As part of this shift, Ford is postponing the production of a three-row SUV at a plant in Canada to 2027, which was originally planned for 2025. Additionally, the next-generation pickup, codenamed “T3,” is being pushed back from late 2025 to 2026.
This change in plans reflects the challenges faced by the automotive industry in the adoption of electric vehicles. Despite slower-than-expected adoption and high production costs, Ford remains committed to investing in EVs.
Last year, Ford announced a delay or cancellation of $12 billion in planned spending on new EVs due to shifting market conditions and profitability challenges in building and selling electric vehicles.
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Source: www.cnbc.com
Date: 2024-04-04 18:16:42