Ford F-150 electric pickup gets a name and a reveal date: Meet the Ford F-150 Lightning Phoebe Wall Howard, Detroit Free Press
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Ford Motor Co. revealed the name of its long-anticipated electric F-150 on Monday and said it plans to unveil the vehicle this month.
It s the Ford F-150 Lightning, resurrecting a sub-nameplate once used on certain Ford pickups and still loved by collectors today.
The company said little about the capabilities or design of the vehicle, though it released a teaser image showing the Lightning insignia and said production will begin in spring 2022.
Ford shutters plants in Brazil to cut costs, effective immediately Phoebe Wall Howard, Detroit Free Press
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Ford Motor Co. will stop manufacturing in Brazil in 2021 as part of a restructuring plan meant to cut costs and increase efficiency, the company announced Monday afternoon.
The company is closing two plants immediately and a third later in the year, affecting about 5,000 workers, spokesman T.R. Reid told reporters during a conference call. This is part of the long-term $11 billion restructuring plan that began with former CEO Jim Hackett.
Ford has lost hundreds of millions of dollars in the region. Vehicles sold in Brazil will continue to come from Argentina, Uruguay and other markets, the company said in a news release.