AUSEV’s parent company was declared bankrupt and Ford’s revised global strategy was blamed.
Founded in Queensland in 2012, BossCap is the owner of AUSEV, best known for importing electricity Ford F-150 Lightning Pickup trucks and their conversion to right-hand drive in Brendale, Queensland. The subsidiary counts Brisbane Airport and BHP among its customers.
In a statement to Yahoo Finance, BossCap – the company behind AUSEV and Advanced Manufacturing Queensland – blamed the Blue Oval, citing “the sudden change in Ford’s global manufacturing strategy”.
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Ford confirmed that the F-150 Lightning was discontinued in mid-December 2025 after less than four years of production.
The Blue Oval’s decision to scrap the F-150 Lightning was said to be part of a strategic shift toward battery-powered vehicles – the US auto giant instead focused on developing electric models with gasoline generators, better known as extended-range electric vehicles (EREVs).
Despite “strong market interest and increasing sales”, the liquidators claimed that the inability to deliver vehicles had “significantly disrupted the company’s future pipeline”.
While the F-150 is sold in Australia by Ford, the automaker only offers petrol-powered variants – AUSEV is becoming an importer and conversion company focused exclusively on selling the electric F-150 Lightning to fleet customers.
Just a day before BossCap was placed into receivership, AUSEV posted a picture of customers taking delivery of their F-150 Lightning, advertising the pickup for $109,990 before on-road costs.
“Just a few current customer deliveries and many more to come,” read a social media post, suggesting many in the organization were unaware of the impending closure.
It is assumed that around 100 employees are affected.
“The F-150 Lightning is arriving across Australia, ushering in real change in the future of trucks,” the post reads.
Within days, BossCap’s creditors had initiated insolvency proceedings – which is different from voluntary administration.
“We regret to announce that BossCap Group was placed into receivership on March 17, 2026,” the receivers said in a statement Yahoo Finance.
“Accordingly, operations have been suspended while the liquidators undertake an assessment of the business. At this time, BossCap is unable to undertake warranty repair work.”
AUSEV was formerly known as AUSMV before the company shifted its focus to electric vehicles and rebranded.
BossCap’s subsidiary SCD Remanufactured Vehicles – which previously imported and converted various combustion-powered American vehicles to right-hand drive, including the Ram 1500 – completed the local conversions in March 2024.
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