By Nora Eckert
DETROIT (Reuters) -Ford Motor is reshuffling its electric vehicle plans, killing its three-row SUV and delaying its next-generation pickup while adding a new pickup and van to its future lineup as it adjusts to slower-than-expected EV growth.
The automaker will take a special non-cash charge of about $400 million for the write-down of certain assets for the previously planned three-row SUVs, which may also result in additional expenses and cash expenditures of up to $1.5 billion.
(Reporting by Nora Eckert, Editing by Louise Heavens)
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source: https://theprint.in/tech/ford-changes-ev-plans-to-delay-ev-truck-axe-3-row-suv/2232257/
