Ford cancels electric SUV, cuts spending on fully electric vehicles to focus on hybrid cars after EV losses | Blaze Media

Ford cancels electric SUV, cuts spending on fully electric vehicles to focus on hybrid cars after EV losses | Blaze Media: 

Ford Motor Company announced that it is recalibrating its EV strategy over concerns about profitability, including scrapping an electric SUV.

Ford is canceling plans to manufacture a large, three-row electric SUV.

Ford chief executive officer Jim Farley said, "We loved our three-row crossover and I was so excited to show everyone the work we did. But there was just no way it would ever meet our criteria of being profitable.”