Ford to halt production of electric F-150 Lightning next month until 2025 [CNBC]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: CNBC
The shutdown will last from Nov. 18 until Jan. 6, including previously planned holiday downtime at the end of the year. Ford on Monday said its Model e electric vehicle operations are expected to lose about $5 billion this year. DETROIT — Ford Motor plans to halt production of its all-electric F-150 Lightning from mid-November until early next year to address bloated inventories and narrow losses on the pickup trucks. The automaker on Thursday confirmed the seven-week shutdown would occur at its Rouge Electric Vehicle Center in suburban Detroit from Nov. 18 until Jan. 6, including previously planned holiday downtime at the end of the year. "We continue to adjust production for an optimal mix of sales growth and profitability," Ford said in an emailed statement. The canceled production, which was first reported by Automotive News , comes as sales of all-electric vehicles have not grown as quickly as many had expected amid higher costs and reluctant consumer adoption. Sales
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News
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- Skyryse sells out Skyryse One First Edition reservations in first six months [Yahoo! Finance]Yahoo! Finance
- Ford to pause production of F-150 Lightning electric pickup trucks [CBS News]CBS News
- Ford to halt production of electric F-150 Lightning next month until 2025 [MSNBC.com]MSNBC.com
- Ford to halt production of F-150 Lightning EV pickup trucks for six weeks [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
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