Ford cuts planned 2024 production of electric F-
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Posted On: 12/12/2023 5:41:12 AM
Ford cuts planned 2024 production of electric F-150 Lightning in half
PUBLISHED MON, DEC 11 20235:55 PM ESTUPDATED MON, DEC 11 20236:08 PM EST
KEY POINTS
Ford Motor will cut planned production of its all-electric F-150 Lightning pickup roughly in half next year.
It marks a major reversal after the automaker significantly increased plant capacity for the EV in 2023.
EV demand has been slower than many expected, as prices and interest rates remain high. But sales of the F-150 Lightning have steadily increased this year.
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