Ford CEO Jim Farley has confirmed that an updated version of the Ford F-150 pickup will be unveiled at the Detroit Auto Show in September.
Despite using the term "all-new," the update is more of a mid-cycle facelift since the current, fourteenth-generation F-150 only went into production in 2020.
The updated F-150 will feature a new hybrid version, responding to the growing popularity of hybrid systems for heavier vehicles.
Technical specifications of the new F-150 hybrid have not been disclosed, but it is likely to build upon the existing PowerBoost hybrid powertrain, which pairs a 3.5-liter V6 with a hybrid system to produce 430 horsepower and 570 lb-ft of torque.
The new hybrid variant is expected to offer a more efficient alternative to the 2.7-liter EcoBoost V6 in the F-150 lineup.
Ford's CEO, Jim Farley, indicated that the company will be launching more hybrid systems, and there will be a slowdown in the pace of electric vehicle (EV) production.
The transition to EVs is acknowledged by Ford's CFO, John Lawler, but he suggests that it may take longer than initially anticipated.
Ford's revised expectation is to produce 600,000 EVs at some point next year, a shift from their previous goal of reaching this figure by the end of 2023.
The automaker's target of producing two million EVs annually by the end of 2026 appears uncertain, with Ford unsure of when it will achieve this milestone.
The transition to EVs is acknowledged by Ford's CFO, John Lawler, but he suggests that it may take longer than initially anticipated.