Ford fell 1.2% in early Wednesday trading. The company will discontinue production of the existing F-150 Lightning electric pickup truck and charge $19.5 billion, and shift its investment focus to hybrid and extended-range electric vehicles. Ford Motor Company has set a goal of making hybrid/extended/electric vehicles account for about 50% of its global sales by 2030, and bringing the Model E division forward to profit until 2029.

Ford fell 1.2% in early Wednesday trading. The company will discontinue production of the existing F-150 Lightning electric pickup truck and charge $19.5 billion, and shift its investment focus to hybrid and extended-range electric vehicles. Ford Motor Company has set a goal of making hybrid/extended/electric vehicles account for about 50% of its global sales by 2030, and bringing the Model E division forward to profit until 2029.