Ford is stalling F-150 Lightning production and slashing manager bonuses as it races to cut costs
Ford boss Jim Farley poses with an F-150 Lightning.
Bill Pugliano/Getty Images
- Ford will pause F-150 Lightning production next month for seven weeks.
- Some manager bonuses will be cut to 65% of their previous levels.
- Ford is still struggling to turn a profit on electric vehicles.
Ford is taking two major cost-cutting actions as it struggles to turn a profit on electric cars: pausing production of its flagship electric pickup truck and slashing manager bonuses.
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