Ford cuts planned 2024 production of electric F-150 Lightning in half
Publishing timestamp: 2023-12-11 18:08:59
Summary
Ford Motor will cut planned production of its all-electric F-150 Lightning pickup in half next year due to slower-than-expected EV demand. This marks a major reversal after the automaker significantly increased plant capacity for EVs in 2023. Sales of the F-150 Lightning have been steadily increasing, but Ford is adjusting production to match customer demand and cutting costs.
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Keywords: autos, business news, ford motor co, transportation, breaking news: business, electric vehicles, business, detroit,
Source: https://www.cnbc.com/2023/12/11/f-150-lightning-ford-cuts-2024-production-plans-in-half.html