Ford writes down $19.5 billion
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Ford, F-150 Lightning
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Ford's Tennessee Truck Plant at BlueOval City will be repurposed to manufacture a gas-powered line of "Built Ford Tough" trucks.
Despite Ford's change in direction, officials said they believe the BlueOval City project will continue to be a game-changer for West Tennessee.
Ford's EV strategy will focus on smaller, affordable models, while large vehicles will get plug-in hybrid powertrains that employ a range-extender gas engine.
Ford Motor is keeping the F-150 Lightning, but changing its technology. It plans to add thousands of jobs and enter this new business.
The automaker is realigning its future investments into multi-energy powertrains, battery-electric storage systems, and new truck and van models.
Ford announced on Monday that it will produce all-new Built Ford Tough truck models, which are gas-powered, with production starting in 2029. Ford originally announced they would be producing EV trucks in 2028,
Ford expects ~$19.5B in special items, mostly in Q4 2025, with the remainder across 2026–2027. Read more here.
America’s favorite compact pickup truck gets smarter, tougher and even more fun, earning MotorTrend's highest honor.
Ford originally announced it would produce EV trucks in 2028, but it has now been replaced by the new production of gas-powered trucks.
Lightning was supposed to be all-electric, full stop. But now, Ford has