The Ford brand's product portfolio over the next five years reflects CEO Jim Farley's goal of becoming an electric vehicle leader while continuing to invest in high-margin, gasoline-powered products.
After early success with the electric Mustang Mach-E and F-150 Lightning, Ford plans to significantly ramp production to meet higher-than-anticipated demand. By mid-decade, it plans to transition those products to a dedicated battery-electric platform while expanding its offerings with an Explorer EV as well as "another truck" that's not the Lightning.
On the internal combustion side, Ford plans to prune its lineup by cutting nameplates such as the Edge and Escape but will continue investing in sub-brands such as Bronco, Mustang and F-Series.