Ford to trim workforce at plant that builds its F-150 Lightning as sales of EVs slow

FILE - Treasury Secretary Janet L. Yellen tours the Ford Rouge Electric Vehicle Center before speaking about the Biden Administration's economic agenda in Dearborn, Mich., Sept. 8, 2022. Ford will drastically cut the number of hourly workers at the factory, which builds the Ford F-150 Lightning, as sales of electric vehicles slow. .

While EV sales are growing in the U.S., the pace is falling well short of the industry’s ambitious timetable and many consumers are turning to hybrid vehicles instead.

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