Ford shelves fully electric F-150 Lightning in recalibration of EV strategy
(TNND) — Ford is scrapping plans to make fully electric full-sized pickups. Ford will take a roughly $20 billion hit, but the company expects the recalibration of its electric vehicle strategy to prove more profitable in the long run. Ford President and CEO Jim Farley said the “customer-driven shift” will strengthen the company. “The operating…