The departures follow financial and production challenges in a more competitive and growing market for electric pickup trucks.
A day after filing an amended 10-K that casts doubt on the electric-truck maker’s survival into 2022, the company said it has “multiple avenues to raise capital."
Ford is on an electric roll, launching the all-new compact pickup, the Ford Maverick. Starting with an MSRP of $19,995, it’s smaller than the Ranger and focused on those who may not have realized they needed a truck.
Ford dropped news of the all-new 2022 model-year F-150 Lightning Pro – an all-electric F-Series truck purpose-built for commercial customers.
Sales of electrified vehicles grew notably in Q1, and analysts at Cox Automotive have said we are entering the EV Decade.
The "Lightning" version of the biggest selling pickup accelerates the push toward fleet electrification.
The automaker says the Lightning will disrupt the status quo and change the game for electric vehicles.
The purpose-built pickup includes powered workbenches, tool storage, and a modular expandable bed.
The U.S. Environmental Protection Agency has fined Premier Performance of Rexburg, Idaho, one of the nation’s largest sellers of aftermarket automotive parts, $3 million for illegally selling emissions-control defeat devices.
Among other business updates, the company announced it has started its outreach to state and local government entities, including the U.S. military, to sell the Lordstown Endurance all-electric pickup.
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