Ford Motor Co., CEO Jim Farley presents the thumbs up indication prior to saying Ford Motor will husband or wife with Chinese-dependent, Amperex Technologies, to create an all-electrical vehicle battery plant in Marshall, Michigan, throughout a press convention in Romulus, Michigan February 13, 2023.
Rebecca Cook | Reuters
DETROIT – Ford Motor’s February product sales greater by much more than 20% from subdued final results a calendar year earlier, as the automaker ratchets up output of its F-Series pickups and electric cars.
The Detroit automaker Thursday noted February gross sales of 157,606 motor vehicles, up 22% from a 12 months previously and a 7.7% boost from January. Ford’s revenue had been hampered by offer chain troubles in February 2022 earning for one of its worst months due to the fact 2021.
Profits of Ford’s F-Sequence pickups jumped 22% very last month compared to a yr previously, escalating to about 55,000 units, such as 1,336 models of its electric F-150 Lightning. So far this 12 months, sales of F-Sequence pickups are up 15%.
Ford’s electric vehicle income go on to raise, up 88% from a yr previously. Nonetheless, EV revenue continue to only characterize 2.9% of the automaker’s gross sales by way of February.
This is breaking information. You should verify again for more updates.