Trading & Financial News
No Result
View All Result
Saturday, June 28, 2025
  • Login
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
Subscribe
Trading & Financial News
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
No Result
View All Result
Trading & Financial News
No Result
View All Result
Home Markets

Ford pauses shipments of new F-150 Lightning EVs

by Tradinghow
February 25, 2024
in Markets
A A
0
Ford pauses shipments of new F-150 Lightning EVs
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


FOX Business Jeff Flock reports from the Celebrity Ford of Toms River dealership, where electric F-150s arent driving off the lot fast enough.

Ford Motor Company said Friday that it has halted shipments of all 2024 model year F-150 Lightning electric pickup trucks so that the company could perform quality checks for an unspecified issue.

The Detroit automaker said the pause on shipments began on Feb. 9 and didn’t say when it expected to resume shipments of the EV truck that had begun in January. 

https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB

A Ford spokesperson declined to specify what quality issue is being checked while the stop-ship order is in place, Reuters reported. Ford did not immediately respond to FOX Business’s request for comment.

Last month, Ford announced that it’s reducing production levels for the F-150 Lightning by about half from the previously planned production rate of 3,200 per week to about 1,600 per week amid soft demand for EVs in the U.S. auto market. 

FORD’S PROFITS GETTING EATEN UP BY EVS

Ford paused shipments of the F-150 Lightning electric pickup to perform quality checks on an unspecified issue. (Photographer: Nic Antaya/Bloomberg via Getty Images / Getty Images)

The company will also reduce the number of shifts at the Rouge Electric Vehicle Center where it builds the EV pickups to one effective April 1. The move will affect about 1,400 workers, including 700 who will move to the company’s Michigan Assembly Plant. 

Ticker Security Last Change Change %
F FORD MOTOR CO. 12.14 +0.02 +0.17%

Some will be placed in roles at the Rouge complex or other Ford facilities in southeast Michigan, while others can “take advantage of the Special Retirement Incentive Program agreed to in the 2023 Ford-UAW contract.”

Ford began producing the F-150 Lightning in April 2022 and the company said last month that it sold more than 24,100 Lightning EV trucks in the U.S. in 2023. That amounted to a nearly 55% increase from the 15,600 it sold the prior year.

FORD CELEBRATES HISTORIC MILESTONE FOR F-SERIES TRUCKS

Ford previously announced that it’s scaling back production of the F-150 Lightning electric pickup by about half this year. (Photo by Josh Lefkowitz/Getty Images / Getty Images)

The automaker’s delivery pause for new F-150 Lightning EVs comes as it began shipping the first newly designed gas-powered 2024 model F-150 pickups to dealers.

Ford said it expects to “ramp up shipments in the coming weeks as we complete thorough quality launch checks to ensure these new F-150s meet our high standards. 

GET FOX BUSINESS ON THE GO BY CLICKING HERE

The company had previously indicated that the gas-powered F-150s would be shipped in early 2024 and on Friday said it was “on plan.”

FOX Business’s Aislinn Murphy and Reuters contributed to this report.



Source link

  • Trending
  • Comments
  • Latest
The Evolving International Cannabis Landscape

The Evolving International Cannabis Landscape

March 20, 2024
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

July 29, 2023
Uniswap Launches Permissionless Bridging Across 9 Networks

Uniswap Launches Permissionless Bridging Across 9 Networks

October 24, 2024
China tech groups lead multibillion-dollar campaign to help exporters sell at home

China tech groups lead multibillion-dollar campaign to help exporters sell at home

April 20, 2025
High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

0
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

0
Learn how to trade. For beginners

Learn how to trade. For beginners

0
Trading for beginners

Trading for beginners

0
Nigerian billionaire, Dangote, sets ambitious goal with .5 billion fertilizer plant

Nigerian billionaire, Dangote, sets ambitious goal with $2.5 billion fertilizer plant

June 27, 2025
Crizac fixes IPO price band at ₹233-245

Crizac fixes IPO price band at ₹233-245

June 27, 2025
Analyzing the Russell Indexes Last Annual Reconstitution

Analyzing the Russell Indexes Last Annual Reconstitution

June 27, 2025
China’s ‘Summer Davos’ offers rare respite from trade war

China’s ‘Summer Davos’ offers rare respite from trade war

June 27, 2025

Recent News

Nigerian billionaire, Dangote, sets ambitious goal with .5 billion fertilizer plant

Nigerian billionaire, Dangote, sets ambitious goal with $2.5 billion fertilizer plant

June 27, 2025
Crizac fixes IPO price band at ₹233-245

Crizac fixes IPO price band at ₹233-245

June 27, 2025

Categories

  • Business
  • Crypto
  • Economy
  • Forex News
  • Investing
  • Markets
  • More
  • Stock Trading
  • Trading for beginners

Site Navigation

  • Home
  • Contact Us
  • Stock Trading
  • Markets
  • Investing
  • Other Links
  • Privacy & Policy
Trading & Financial News

We bring you the fastest breaking news on Trading, forex, and finance submitted from credible and reliable news sources around the world.

© 2023 Tradinghow Useful forex analysis and financial news, submitted by credible news sources around the world.tradinghow.

No Result
View All Result
  • Contact Us
  • Home
  • Economy
  • Crypto
  • Investing
  • Markets
  • Forex News
  • Stock Trading

© 2023 Tradinghow Useful forex analysis and financial news, submitted by credible news sources around the world.tradinghow.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In