Ford gains on plans to launch new low-cost electric pickup truck in 2027
** Shares of automaker Ford Motor F.N rise 1.6% to $10.85 premarket
** Ford says it plans to introduce an all-new commercial van that will begin production in 2026 in Ohio, followed by two new pickup trucks in 2027 based on its new skunkworks low-cost EV platform
** Company says it plans to use hybrid technologies for its next three-row SUVs, and adds that it will take a non-cash charge of about $400 mln for the write-down of certain product-specific manufacturing assets
** Adds that rollout of Ford's next generation of electric vehicles begins with a commercial van that will be assembled at its Ohio Assembly Plant starting in 2026
** Ford says company and LG Energy Solutions 373220.KS are targeting to move some Mustang Mach-E battery production from Poland to the U.S. in 2025 to qualify for Inflation Reduction Act benefits
** Up to last close, stock had fallen ~11% this year
Reporting by Akash Sriram in Bengaluru
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.