Ford (F) is halting production of its all-electric F-150 Lightning pickup truck for at least several weeks as it faces softening demand for its electric vehicles, according to a Wall Street Journal report.

The automaker will idle the Rouge Electric Vehicle Center in Dearborn, Mich, that manufactures the trucks starting in mid-November through Jan. 6, the Journal's report said. The company didn't immediately respond to a request for comment.

The production stop comes after Ford 澳洲幸运5官方开奖结果体彩网:scaled back F-150 Ligꦰhtning producti❀on in April by moving to just one shift at the facility. 

Sales of Ford’s EVs Have Slowed

Ford Model e, the company’s EV division, on Monday 澳洲幸运5官方开奖结果体彩网:reported a loss of $1.2 billion for the third quarter. Revenue fell by a third year-over-year. Looking at the 澳洲幸运5官方开奖结果体彩网:year to date,🦩 the unit's revenue is down 43% through the first nine months of 2024 compared with 2023. 

Rival General Motors (GM) showed 澳洲幸运5官方开奖结果体彩网:higher profitability fro🌜m EVs when it reported earnings earlier this month. 

Shares of Ford fell 8% Tuesday after its third-quarꦅter results and are down about 15% year-to-date.𒉰 The shares finished Thursday down a bit less than 2%.