Ford will postpone about $12 billion in EV investment

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Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC).

Michael Wayland | CNBC

As a result, it’s postponing about $12 billion in planned spending on new EV manufacturing capacity.

Customers’ reluctance to pay extra for EVs has complicated Ford’s ambitious and expensive plans to sharply increase production of those vehicles. While Ford’s – and the industry’s – sales of EVs are growing, they aren’t growing at the pace Ford had expected.

Ford executives emphasized that the company isn’t cutting back its spending on future electric vehicle models. But it now plans to ramp up its EV manufacturing capacity, and its spending on that capacity, more gradually than previously planned.

“We’re not moving away from our second generation [EV] products,” CFO John Lawler said in a media briefing Thursday. “We are, though, looking at the pace of capacity that we’re putting in place. We are going to push out some of that investment.”  

Ford Motor said Thursday that many customers in North America are no longer willing to pay a premium for an electric vehicle over an internal-combustion or hybrid alternative.

Lawler said that Ford will postpone about $12 billion in planned spending on manufacturing capacity for EVs, including a planned second battery plant at a new campus in Kentucky. But, he noted, construction of Blue Oval City – Ford’s new EV manufacturing campus in Tennessee – will continue as originally planned.

“The customer is going to decide what the volumes are,” Lawler said. “Ford is able to balance production of gas, hybrid and electric vehicles to match the speed of EV adoption in a way that others can’t.”

As part of its third-quarter earnings report, Ford said on Thursday that its electric-vehicle business unit, called Ford Model e, lost $1.3 billion on an operating basis in the period. That’s roughly double its year-ago loss, despite a 26% increase in revenue.

Through the first three quarters of 2023, Model e posted an operating loss of about $3.1 billion, on track with Ford’s previous guidance calling for a full-year operating loss of $4.5 billion for the Model e business unit.

Ford withdrew all of its 2023 guidance Thursday in light of its tentative deal with the United Auto Workers labor union.

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London Christmas Decorations – Top Places for Christmas Decor

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Today I want to bring you the A Lady in London guide to the best London Christmas decorations. Whether you’re looking to see lights and installations around the city or you want to buy things to decorate your home, there’s a place in the UK capital that will delight you during the festive season. From Christmas markets to major thoroughfares, department stores to hidden corners, you have a lot of options. I’ve included a map, too.

London Christmas Decorations

Christmas in London is a big deal. Like many cities around the world, the UK capital embraces the seasonal spirit in the run-up to December 25th (and for a couple weeks after).

From streets with bright lights to squares full of decorations and shops bursting with baubles, there’s a lot of festive fun to be found during the Christmas season in London.

Whether you’re looking for the most unique Christmas trees or the best places to shop, there’s plenty of variety when it comes to London Christmas decorations.

You can also take a Christmas walking tour, bus tour, or black cab tour in London if you want a guided experience. You can see options and book one here. They’re fun ways to see the highlights of the festive season in the city.

Regent Street Christmas Lights in London

When to See Christmas Decorations in London

As far as when you’ll start to see Christmas decorations in London, there’s no such thing as too early. In fact, in most years I see lights going up in October. Many shops start selling Christmas decorations and gifts even earlier than that.

Most of London’s Christmas lights and markets are in full-swing by early to mid-November. They usually stick around until the first week of January. You can check online for exact dates to make sure you see what you want to when you’re here.

Keep in mind that London is very popular at Christmas, and the city can get crowded on weekends. Going on a weekday or a weekend morning is a good way enjoy a quieter experience in the shops, markets, and popular places like Covent Garden.

Covent Garden Christmas Tree

That said, it’s worth being in the city in the evening to see the lights. They’re some of the best London Christmas decorations, after all. Given it gets dark around 4pm in December, you don’t have to wait until very late to see them.

Where to Buy Christmas Decorations in London

Shopping for London Christmas decorations is a treat. Whether you go to a big department store or a range of independent shops, the UK capital has no shortage of places to get what you need.

Covent Garden and Seven Dials offer a great mix of retail outlets. There’s a variety of high street names and independent boutiques to choose from.

Apple Market in Covent Garden, London at Christmas

Streets like Floral Street and Monmouth Street have some of my favorites, and the Apple Market in Covent Garden is the perfect spot to pick up unique and unusual finds.

Knightsbridge is also a great place to go Christmas shopping in London. This area is home to seasonal heavyweights like Harrods and Harvey Nichols, both of which decorate their windows and interiors with festive displays in winter in London.

Another of the top places to shop for Christmas decorations in London is the city’s festive markets. They’re some of my favorite Christmas highlights in London.

Trafalgar Square Christmas Market

From Tower Bridge to Trafalgar Square and Winter Wonderland, the Christmas markets in London have stalls selling all kinds of unique finds.

Whether you shop at the Christmas market in Leicester Square or the ones on the South Bank, there are chalets offering everything from candles to ornaments, garlands, lights, and more.

Oxford Street, Regent Street, and Carnaby Street are also fun places when it comes to all things festive retail in the UK capital. They’re some of the best shopping streets in London.

Regent Street Shops in London at Christmas

Oxford Street and Regent Street are also home to famous department stores like Selfridges and Liberty, both of which have great Christmas decorations for sale.

Mayfair’s Bond Street is another perfect place for a shopping trip to London during the festive season. It’s the ideal place if you’re looking for high-end decorations.

St James’s is another one of my favorite places to go shopping for Christmas decorations in London. Packed with luxury goods shops, art galleries, and independent boutiques, it’s a great place to find the finer things.

Christmas Shopping in London at Fortnum and Mason

It’s also home to Piccadilly, where famous stores like Fortnum & Mason are synonymous with Christmas shopping.

Marylebone is another good area. It has some of my favorite shopping streets in the city, and the mix of stores makes it a great place to pick up seasonal decorations.

Marylebone High Street, St Christopher’s Place, and Marylebone Lane have some of the best shops in Marylebone.

Harrods at Christmas in London

If you’re looking for something on the alternative side, Camden is one of the best places to shop for Christmas decorations in London.

The maze of stalls in Camden Market is packed with vendors offering everything you could want to deck your halls with.

Where to See London Christmas Decorations

When it comes to places to see London Christmas decorations, there’s no shortage of choices. From the West End to the South Bank, the city is full of festive installations and fun. My free self-guided Christmas walks will show you the best places.

Covent Garden Christmas Decorations

The Covent Garden Christmas decorations are legendary. From lights to a giant tree, the area around the piazza goes all-out for the festive season.

Nearby Seven Dials has a fun mix of lights and seasonal decor, too. I particularly like the decorations in Slingsby Place.

And that’s to say nothing of the Christmas trees. From hotels to train stations, secret courtyards, and major squares, they grace London with their presence all season long.

Christmas Tree in London

In Mayfair, Bond Street is an amazing place to see London Christmas decorations. From larger-than-life bows on shopfronts to installations along the road, there’s no shortage of seasonal cheer here.

Mayfair is also home to some of the best shopping arcades in London at Christmas. From Burlington Arcade to the Royal Arcade, they’re great places to take in the decor.

And that’s to say nothing of London’s hotels. Many of the luxury hotels in London get all dressed up for the season. The annual gingerbread house and afternoon tea at The Dorchester are my favorites, but there are lots of hotels that go all-out each year.

Bond Street Christmas decorations

Where to Find Christmas Lights in London

When it comes to finding the best Christmas lights in London, you have a lot of choices.

Major thoroughfares like Regent Street, Oxford Street, Bond Street, and Piccadilly come alive with lights during the Christmas season. They’re some of the most popular places to see the sky brighten up at night.

Right behind Regent Street, Carnaby Street is a pedestrianized retail heaven complete with lights, popular shops, and restaurants. It’s a fun place to see Christmas decorations and lights in the city.

Sloane Square Christmas Lights in London

I also like the lights in Sloane Square in Chelsea. They spill out along the King’s Road, which is also another great place to shop.

Map of London Christmas Decorations

As promised, I’ve created an interactive map of all the places I’ve included in this blog post. You can see it here. If you click on the pins, you’ll find my blog posts about each one.

Burlington Arcade at Christmas in London

Christmas Decorations in London

I hope my guide to London Christmas decorations has given you good ideas for where to go this festive season. If you want more direction, you can take a look at my Christmas itinerary and my guide to things to do in London at Christmas for ideas.

Whatever you do, I’m sure you’ll enjoy the seasonal spirit in the UK capital. Happy Christmas!

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London Christmas Decorations







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Behr Premium Plus Low Odor Interior Paint & Primer

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If you or a family member are sensitive to strong odors then you know that painting the inside of your house can be challenging. So, BEHR has formulated their new PREMIUM PLUS Interior Paint & Primer to be “Low Odor”, This page contains affiliate links. If you purchase a product from these links, we will … Read more

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