Ford Motor Company announced on Monday that due to adjusting the focus of business development and reducing the scale of investment in pure electric vehicles, it is expected to include about 19.5 billion US dollars in special project expenses and stop production of the electric F-150 pickup truck. This adjustment is the latest move led by Ford CEO Farley, and is yet another iteration of its “Ford +” transformation plan. The plan was first positioned as an expansion strategy for electric models when it was first launched in 2021, and has evolved many times since then.

Ford Motor Company announced on Monday that due to adjusting the focus of business development and reducing the scale of investment in pure electric vehicles, it is expected to include about 19.5 billion US dollars in special project expenses and stop production of the electric F-150 pickup truck. This adjustment is the latest move led by Ford CEO Farley, and is yet another iteration of its “Ford +” transformation plan. The plan was first positioned as an expansion strategy for electric models when it was first launched in 2021, and has evolved many times since then.