Ford has had to halt or slow production of highly profitable models like the F-150 pickup truck and various sport-utility vehicles.
After 80 years, the King of the Off-Road is vying to maintain its cult following while it charts its electric future.
The Japanese carmaker will also manufacture a new electric vehicle in England as part of a £1 billion investment, partially supported by the government.
The company’s top executive resigned after the struggling automaker released an investigation by its board.
Analysts credit the new chief executive, Jim Farley, with energizing the automaker, which still faces challenges.
Analysts credit the new chief executive, Jim Farley, with energizing the automaker, which still faces challenges.
Lordstown Motors, which bought a shuttered General Motors factory in Ohio, warned that it needs to raise more money and might not survive.
If it sells well, an electric version of the best-selling vehicle in the U.S. could help accelerate the move to electric vehicles.
Lordstown Motors said it would start producing and selling electric pickup trucks this year, but there is little evidence it is ready to do so. Its stock has tumbled from a high of about $30 last year to around $8.
Buying an electric car can be exciting and bewildering. Consider what kind of car you want and need and where you will charge.