The Ford F-150 Lightning pickup truck during a press event in New York City on May 26, 2021. Brendan McDermid/Reuters
Ford Motor Co. revealed Monday that it would take a $19.5 billion writedown after choosing to discontinue several electric vehicle models.
The Michigan-based company intends to replace its all-electric F-150 Lightning pickups with an extended-range version that uses a gasoline engine for battery recharging. Ford is also stopping production on a forthcoming electric truck, called T3 in international markets, along with electric vans designed for commercial use.
