Ford Slows EV Production: "Rapidly Deteriorating Market Conditions"
Per German news outlet Automobilewoche, Ford’s European arm is cutting EV output at its Cologne, Germany, factory. A company spokesperson cited “rapidly deteriorating market conditions for electric vehicles” that have put the brakes on Capri and Explorer production across the Atlantic. Very recently, Ford put a whopping $2 billion into the plant to ready it for electric vehicle production. Workers at the plant are also affected by the idling, working in alternating weeks until Christmas.
These production stoppages are not solely limited to Europe. On our side of the Atlantic, Ford is pausing production of the F-150 Lightning from November 15 to January 6, 2025, while dealers work through existing inventory. In simpler terms, a lack of EV demand, at least at Ford, has caused global production stoppages.
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Chase is an automotive journalist with years of experience in the industry. He writes for outlets like Edmunds and AutoGuide, among many others. When not writing, Chase is in front of the camera over at The Overrun, his YouTube channel run alongside his friend and co-host Jobe Teehan. If he's not writing reviews of the latest in cars or producing industry coverage, Chase is at home in the driver's seat of his own (usually German) sports cars.
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Yeah, now Ford can build a real Capri again!