Ford Motor plans to halt production of its all-electric F-150 Lightning from mid-November until early next year to address bloated inventories and narrow losses on the pickup trucks.The automaker on Thursday confirmed the seven-week shutdown would occur at its Rouge Electric Vehicle Center in suburban Detroit from Nov.

Ford launched the F-150 Lighting, which MotorTrend named its truck of the year in 2023, two years ago, underlining the car maker's push into EVs. With sales sluggish, Ford last year slashed the vehicle's price by thousands of dollars.

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