Ford announced on December 15, 2025 a sweeping shift of its Ford+ plan: it is dropping select larger EVs including the current F-150 Lightning, pivoting the next Lightning to an extended-range design, building new gas and hybrid trucks and vans, and launching a battery energy storage business, while taking about $19.5 billion in EV-related special items. The company raised its 2025 adjusted EBIT guidance to about $7 billion, expects Ford Model e to reach profitability by 2029, announced an EV partnership with Renault, and plans to hire thousands of U.S. employees.