Ford Motor Co
Ford also halted production for its F-150 Lightning electric pickup due to aluminum shortages. The move is part of a larger shift towards gasoline- and hybrid-powered trucks, which the company considers much more profitable.
The firm said it will shift its EV assembly staff to the Dearborn Truck Plant and add a third crew to increase hybrid output. By 2026, the plant will roll out an additional 45,000 hybrid F-Series trucks, highlighting Ford's prioritization of profitability alongside innovation.
This strategic refocusing comes as Ford's Lightning has remained the top-selling electric pickup in America this year, outpacing Tesla's Cybertruck. But supply chain shortfalls and lofty EV prices seem to be driving manufacturers toward a more realistic middle ground.
Auto ETFs Shift Into Higher Gear
That move reverberated throughout the ETF universe on Friday, as auto and EV-related funds rose over 2%. Global X Autonomous & Electric Vehicles ETF
Assets such as DRIV and KARS, which have exposure to Tesla Inc
CARZ, with its even distribution among legacy automakers and pure-play EV names, might be able to play both themes - the safety of established manufacturers and the growth story of electrification.
The stock reaction implies investors are paying for profitability rather than purity. Ford's 11% gain on Friday confirms that, and indicates an industry-wide shift across the investment sphere of mobility.
