Innovation

    Jim Farley speaks with both hands gesturing out in front of him.

    Ford is scrapping the all-electric F-150 Lightning and other big EVs amid a scramble to find a winning electric formula that will cost $19.5 billion

    “The operating reality has changed, and we are redeploying capital into higher-return growth opportunities,” Ford CEO Jim Farley said.

    December 15, 2025

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