Ford cuts production of F-150 Lightning EV, adds jobs at Bronco and Ranger plant
Publishing timestamp: 2024-01-19 10:54:12
Summary
Ford is increasing production of its Bronco SUV and Ranger pickup while cutting production of its all-electric F-150 Lightning. The production changes are intended to match output with customer demand. Ford CEO Jim Farley expressed optimism about the future of electric vehicles and mentioned upcoming digitally advanced EVs and access to Tesla's charging network. The reduction in Lightning production will impact approximately 1400 employees, with some transferring to other plants or participating in a retirement incentive program. Sales of the F-150 Lightning have not been as strong as expected, while sales of the Bronco and Ranger were down last year.
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