Ford announced a major restructuring that ends production of the all-electric F-150 Lightning and shifts investment toward hybrids, extended-range electric vehicles and smaller, lower-cost battery-electric cars while building a commercial battery storage business from excess capacity.Executives said Model e lost more than $12 billion over the past two years, that the company will take full ownership of BlueOval SK and repurpose that plant for stationary battery storage, and that Ford expects to record about $19.5 billion in special items and $5.5 billion in cash effects through 2027 as it refocuses the business.Andrew Frick, Lisa Drake and Jim Farley said the changes respond to customer demand and policy shifts, will reshape the workforce with at least 1,600 job reductions and possibly 2,100 new roles over time, and aim to produce stronger Ford Blue and Ford Pro profits beginning in 2026 and a path to Model e profitability by 2029.