Oooooooh Dear ...By Nora EckertDETROIT (Reuters) -Ford Motor on...

Oooooooh Dear ...

By Nora Eckert

DETROIT (Reuters) -Ford Motor on Wednesday said it was killing a planned three-row electric SUV and pushing back a new electric version of its best-selling pickup, the F-150, the latest delay by the U.S. automaker as it focuses on cutting costs to stimulate demand.

Ford (NYSE:F), General Motors (NYSE:GM)and other carmakers have delayed or cancelled new electric models to avoid spending heavily on vehicles that consumers are not buying as quickly as anticipated...

Ford CEO Jim Farley has said one of the main solutions to slowing EV sales growth is bringing the production costs around those models down. That is a key goal for the future health of the company, which is expected to lose up to $5.5 billion on EVs this year alone...