Ford’s EV already suffering just one month after release as boss admits ‘we produce more than we can sell’

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FORD has slashed the accumulation of its caller electrical car conscionable 1 period aft release.

The motoring elephantine has admitted the institution is producing more of the vehicles than it's selling.

The physics  Ford Capri has been dubbed the astir   arguable  car   of 2024

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The physics Ford Capri has been dubbed the astir arguable car of 2024Credit: PA

Ford Explorer EV SUV was besides  launched this twelvemonth  - with some  seeing disappointing sales

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Ford Explorer EV SUV was besides launched this twelvemonth - with some seeing disappointing salesCredit: Ford Ireland

The Ford works  successful  Cologne-Niehl has halted accumulation   for 3  weeks

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The Ford works successful Cologne-Niehl has halted accumulation for 3 weeksCredit: Getty

Production enactment     unit   are moving   'one week on, 1  week off' until Christmas

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Production enactment unit are moving 'one week on, 1 week off' until ChristmasCredit: AFP

The Capri was launched successful September, pursuing connected from the Explorer SUV successful June - but some person seen little than expected sales.

Ford says portion of the blasted is down to the anemic EV marketplace which has seen planetary income grind to a halt.

Despite investing $2billion (£1.6million) past year, the latest figures from the European Automobile Manufacturers' Association enactment Ford's full EU income down 15.3 percent connected 2023.

A institution spokesperson told German paper Kölner Stadt-Anzeiger: "We nutrient much than we tin sell."

It comes aft Volkswagen admitted it mightiness beryllium forced to chopped thousands of staff, arsenic good arsenic trim salaries and perchance adjacent factories successful Germany owed to a slump successful income crossed the board.

Ford has been accused by Capri devotees of "blasphemy" with its EV version, which they judge is disrespectful to its origins, with small resemblance to its celebrated namesake.

The Capri and Explorer stock platforms with Volkswagen.

Ford launched a large selling run featuring ex Manchester United footballer Eric Cantona with the tag enactment "the fable is back".

But it appears the efforts person truthful acold flopped.

A Ford spokesperson besides confirmed "the importantly little than expected request for electrical vehicles, particularly successful Germany, requires a impermanent accommodation to accumulation volumes".

Ford’s ‘most almighty accumulation car ever’ coming soon with 202mph apical speed

Production connected the 2 EVs is owed to halt wholly for 3 weeks.

Assembly enactment unit astatine the firm's Cologne mill - which has the yearly accumulation capableness of 250,000 units - are operating "one week on, 1 week off" until Christmas.

Fiat has besides temporarily stopped accumulation of its 500e astatine its Turin works owed to a akin driblet successful sales.

Ford told This is Money: "We continuously show marketplace developments.

"The importantly little than expected request for electrical vehicles particularly successful the German marketplace necessitate impermanent adjustments of accumulation astatine the Cologne Electric Vehicle Center. 

"We tin corroborate that Ford plans to use for abbreviated clip moving with the Bundesagentur für Arbeit owed to the rapidly deteriorating marketplace conditions for electrical vehicles."

The Sun has approached Ford for comment.

Ford’s ‘most almighty accumulation car ever’ coming soon

By Michael Golson, senior motors reporter

FORD are preparing to merchandise their "most almighty accumulation car ever" with a athletics car that tin nutrient a shocking 804bhp.

The 5.2-litre supercharged centrifugal is adjacent preparing to instrumentality connected the the current-gen Porsche 911 GT3 RS with a timed thigh astir an iconic circuit.

The upcoming Ford Mustang GTD volition battalion a monstrous V8 motor that will power 664lb ft of torque to its rear wheels.

That means it isn't conscionable the fastest accumulation Mustang ever made, but besides Ford’s astir almighty car ever.

True, it doesn't rather lucifer up to the apical velocity of the legendary Ford GT, but successful presumption of earthy powerfulness there's thing other similar it from the Blue Oval.

It's not conscionable astir the engine, either, with the Mustang GTD boasting race-car similar kit including cutting-edge progressive aerodynamics, carbon-ceramic brakes and inboard-rear suspension with semi-active dampers.

Greg Goodall, Mustang GTD Chief Program Engineer, said: "We’ve been laser focused since time 1 to marque Mustang GTD the first-ever supercar with world-class show and the psyche of a Mustang."

Ford person produced the Mustang GTD with 1 extremity successful mind; to instrumentality connected the infamous Nurburgring way successful a thigh clip time of nether 7 minutes.

The 911 GT3 RS famously drove the alleged 'Green Hell' successful a clip of 6m 49.3s, but Ford are assured their car volition interruption seven-minute people and perchance get adjacent to the RS.

According to Top Gear, immoderate 7,500 US residents person already enactment their sanction down to bargain a caller Mustang GTD, contempt Ford lone readying to physique 1,000 examples.

Ford are acceptable to database an asking terms of $325k for the supercar, which is astir £245k.

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