AI-assisted summary
Ford delays the launch of its next-generation electric F-150 pickup and E-Transit van to 2028.
Ford's EV unit reported significant losses, prompting a shift in strategy to compete with Chinese automakers.
An upcoming announcement is teased as a "Model T moment" for the company's EV future.
Ford Motor Co. is extending its delay in launching two next-generation electric vehicles as the Dearborn-based automaker continues its focus on smaller and more affordable models that deliver profits, the company said.
Ford informed suppliers and employees in June that a full-size electric pickup, which is to be the successor to the F-150 Lightning, will be delayed to 2028, a company spokesman told the Detroit Free Press on Aug. 8. That's a delay of a few months longer than the i