The Biden-Harris admin’s push to replace internal combustion engines with battery-powered vehicles has hit yet another snag, as more Americans reject Vice President Kamala Harris’ previous position on widespread implementation of EVs. Ford Motor Company is pausing production of its electric F-150 Lightning from November 18 to January 6, the automaker based in Dearborn, Michigan, announced on Thursday. “We continue to adjust production for an optimal mix of sales growth and profitability,” a spokesperson said.
The pause follows less than a year after the company announced it was permanently eliminating a production shift at its suburban Detroit plant, where the truck is manufactured, according to the Wall Street Journal. Ford has reported losses of over $58,000 on each electric vehicle sold this year, with total losses across all its EV lines reaching $1.22 billion through the third quarter. In 2023 and 2022, the automaker incurred nearly $7 billion in losses within its EV division.
In April, Ford postponed the launch of a three-row electric SUV intended for production at the Oakville Assembly Complex in Ontario, Canada. Then in June, the company delayed its plans to manufacture electric F-150 Lightnings at a facility in Tennessee. In July, Ford announced it would shift production of its diesel-powered F-Series Super Duty pickup trucks to the Canadian plant. While the company still intends to launch the electric SUV, the start date has now been pushed back to 2027.
Bloomberg reports that Lightning sales are up this year, but they are still falling far short of the company’s expectations in the face of waning consumer interest in EVs. And, as the Biden-Harris regime continued its war on fossil fuels and pushing “green” energy alternatives, yet another electric vehicle (EV) maker sought bankruptcy protection in June.
Fisker filed for bankruptcy protection late Monday and will seek to salvage its operations by selling assets and restructuring its debt. The move comes after the company burned through cash while trying to increase production of its Ocean SUVs, CNBC reported. The highly competitive electric vehicle (EV) market has witnessed several companies, such as Proterra, Lordstown, and Electric Last Mile Solutions, filing for bankruptcy in the last two years. They struggled with declining demand, difficulties in fundraising, and operational challenges stemming from global supply chain issues.
The company, founded by automotive designer Henrik Fisker, expressed uncertainty about its ability to continue operations in February. Following this, it failed to secure an investment from a major automaker, leading to operational cutbacks. The breakdown of talks with the automaker—reportedly Nissan, according to Reuters—resulted in the loss of a $350 million investment from an undisclosed investor, which was contingent on the automaker’s participation. Consequently, Fisker was forced to explore alternative options, CNBC added.
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