IT'S HAPPENING EVERYWHERE... Cnbc morning squawk
Pushing back
Ford said Thursday it will delay production of a new all-electric large SUV and pickup truck. Production of the three-row SUV will be pushed back to 2027 from an initial plan of 2025. The pickup, codenamed “T3”, is also being delayed from late 2025 to 2026. The company aims to offer hybrid options across its North American lineup by 2030. The shift comes as EV adoption has been slower than expected and production costs remain high.