Ford To Delay Production of EVs at Canada Plant Because of Weak Demand

Key TakeawaysFord has delayed the launch of a new three-row electric SUV at a plant in Canada because of soft demand.The EVs won't be coming out of the the Oakville, Ontario, factory until 2027, instead of 2025, as previously planned.Ford lost $4.7 billion on EVs in 2023, and announced last year it was cutting back spending on them. Ford Motor (F) announced Thursday it was delaying the launch of a new three-row electric SUV in order for the consumer market “to further develop.” The company explained that it ...