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
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