Ford Halting Production of Its Electric F-150 Lightning Truck, Report Says
1. Ford is pausing F-150 Lightning production for several weeks due to weak demand. 2. The EV division posted a $1.2 billion loss this quarter. 3. Year-to-date revenue for the EV division is down 43%. 4. Ford shares fell 8% after third-quarter results, down 15% YTD. 5. Rival GM reported higher profitability in its EV segment.