Another sinkhole has since opened up nearby, and residents within a 650-foot radius had been evacuated, a spokesman said.

The economics just don't work right now, he said.

"Customers have shown that they will not pay any premium for these large EVs," Farley said in an earnings call.

Extended-range electric vehicles will be essential to the American market, Ford CEO Jim Farley said on the company's earnings ...

Ford CEO Jim Farley did not mince words while explaining some of the drawbacks of very large, fully electric SUVs and trucks. During Ford’s fourth-quarter 2024 earnings call on Wednesday ...

Gasoline extended-range electric large SUVs and trucks are coming, says Ford CEO Ford developing body-on-frame platforms with support for multi-energy powertrains Reports point to the technology not ...