Ford is stalling F-150 Lightning production and slashing manager bonuses as it races to cut costs
1. Ford pauses F-150 Lightning production for seven weeks due to struggles. 2. Manager bonuses to be reduced to 65% of last year’s levels. 3. Falling profits impacted by quality issues and major warranty costs. 4. Electric vehicle division Model e reported a $1.2 billion loss. 5. Ford lowered its EV spending from 40% to 30% of capital expenditures.