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Stocks· May 04, 2026 at 02:07 PM

Major automaker pulls the plug on ambitious U.S. EV plans

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There is an old line I picked up early in covering Detroit: never bet against the American consumer's love of trucks. For the past three years, automakers tried anyway. They poured tens of billions of dollars into electric vehicle factories, lithium supply deals, and battery joint ventures, betting ...

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