Ford Electric Vehicles

US automaker Ford has stopped the production and shipments of its electric F-150 Lightning pickup owing to a battery issue.

Automobile firm is finalising a severance package with 2,000 employees working at the factory

In a statement on Friday, the company said it was 'exploring the possibility of using a plant in India as an export base for EV manufacturing'

We want to show that the company is electrifying all iconic vehicles: Ford

The investment figure is sharply higher than a previously announced target of $4.5 bn by 2020, Ford executives said