In August 2024, "The Blue Oval" announced it had canceled plans to produce two all-new all-electric three-row crossovers at its Oakville Assembly plant in Canada. Instead, the automaker stated it would focus on developing new hybrid technology for the same type of SUVs, believed to be the Ford Explorer and Lincoln Aviator, though this was never confirmed or denied. As a result, the cancellation of this Ford EV SUV program continues to cause substantial financial losses for the automaker.
Redaksiya reports that, as previously reported by Ford Authority, the cancellation of this Ford EV program already cost the automaker approximately $100 million in the first quarter of 2025, and its financial report for the second quarter of 2025 revealed a loss of $400 million in the first half of the year. Now, as we enter 2026, Ford's earnings report for the end of 2025 shows the automaker has incurred a loss of $1.2 billion after choosing to cancel these dual future EVs last year.
When Ford's three-row EV SUV program was initially canceled, the automaker noted it would incur approximately $400 million in special non-cash charges for the write-off of certain product-specific manufacturing assets for these models, adding that the decision could also lead to additional expenses and cash outflows of up to $1.5 billion once everything was finalized.
As previously reported by Ford Authority, instead of producing these new three-row EV SUVs at the Oakville plant, "The Blue Oval" is retooling that facility to prepare it for Ford Super Duty production later this year. The addition of Ford Super Duty production in Oakville will result in an anticipated output of up to 100,000 units annually. The automaker will invest $3 billion to achieve this, with $2.3 billion of that amount being allocated to retooling the Oakville plant for Ford Super Duty production, including the installation of assembly and stamping equipment.