Ford to halt production of electric F-150 Lightning next month until 2025

Ford to halt production of electric F-150 Lightning next month until 2025


Ford workers produce the electric F-150 Lightning pickup at the automaker’s Ford Rouge Electric Vehicle Center on Dec. 13, 2022.

Michael Wayland | CNBC

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.

Hybrid vehicles 'have been a great success for us', says Ford CFO John Lawler on Q3 results

Sales of the F-150 Lightning are up 86% this year, but the company loses money on the vehicle and has been subsidizing sales. That includes a reported program offering dealers up to $1,500 for each 2024 F-150 Lightning they order from one of the automaker’s new regional electric vehicle distribution centers.

Ford on Monday said its Model e EV operations are expected to lose about $5 billion this year.

Ford executives have said the automaker’s next-generation of EVs will be less costly than its current generation, and that it won’t launch a product unless it can be profitable within a year.

The production slowdown represents a fall from grace for the F-150 Lightning. Ford executives such as CEO Jim Farley once touted the vehicle as having the same importance as the Model T, but the company has moved to slashing planned output of the pickup in half to begin this year.

Ford’s overall days’ supply of new vehicles was 112 days as of the end of September, according to Cox Automotive. The F-150, including electric and traditional models, was at 100 days. Ford’s other EV models — Mustang Mach-E crossover and E-Transit van — were even higher at 128 days and 112 days, respectively, Cox reports.

Ford has a target range of 50 days to 60 days of supply.



Source

High Noon recalls some 12-packs, saying they may contain Celsius energy drink cans filled with vodka seltzer
Business

High Noon recalls some 12-packs, saying they may contain Celsius energy drink cans filled with vodka seltzer

High Noon vodka seltzer and Celsius energy drinks. Kevin Carter | David Paul Morris | Bloomberg | Getty Images High Noon has issued a nationwide recall of one of its popular vodka seltzer drinks, saying some packages may contain Celsius energy drink cans filled with the alcoholic beverage. The cans, labeled as Celsius Astro Vibe […]

Read More
Apartment rents drop in July as vacancies move to multiyear high
Business

Apartment rents drop in July as vacancies move to multiyear high

A sign on the side of a building in Hell’s Kitchen, New York City, advertising an apartment is available for rent through a real estate broker.  Deb Cohn-Orbach | UCG | Universal Images Group | Getty Images The massive surge of new apartment supply in the last few years is still being absorbed, and that […]

Read More
Ford Motor is set to report earnings after the bell. Here’s what Wall Street expects
Business

Ford Motor is set to report earnings after the bell. Here’s what Wall Street expects

The Ford display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC Ford Motor is set to report its second-quarter earnings after the markets close Wednesday as investors watch for any changes to its full-year guidance, which the automaker suspended in May due to President Donald Trump’s […]

Read More