Ford announced Thursday that it will temporarily pause production of its electric F-150 Lightning for several weeks amid sluggish consumer demand for EVs. The automaker plans to idle the Rouge Electric Vehicle Plant, which is located outside of Detroit and makes the F-150 Lightning, after the end of the shift on Nov. 15. Production will resume on Jan. 6.The plant currently operates on weekdays and, like Ford's other U.S. plants, already has a scheduled holiday week starting on Dec. 23. "We continue to adjus ...

Ford is temporarily halting production of its all-electric F-150 Lightning pickup truck in the face of slowing demand for battery-powered vehicles.The Detroit automaker announced Thursday that it would pause manufacturing of the pickup truck for several weeks beginning in mid-November.Ford employees will resume manufacturing of the F-150 on Jan. 7.The move comes after Ford made several price cuts to its F-150 models earlier this year. The cuts were put in place after Ford paused production due to quality is ...

Ford will pause production of its F-150 Lightning electric pickup truck starting in mid-November for almost two months as it struggles with decreased demand, increased competition, and losses in its electric vehicle business. “We continue to adjust production for an optimal mix of sales growth and profitability,” a Ford spokesperson told TechCrunch. The news was previously reported by Automotive News. The decision to halt production comes as the Tesla Cybertruck has pushed past Ford’s popular Mach-E to bec ...

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

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About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

BIRMINGHAM, AL, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Fleetio, the leading fleet maintenance management software company, today announced the expansion of its embedded integration with Ford modem-equipped vehicles and Ford Pro plug-in device technology. The integration, which is Fleetio's first embedded original equipment manufacturer (OEM) integration, now supports a more comprehensive exchange of data with the Fleetio platform, open to all Ford Pro Telematics subscribers. Building off the original integration ...

Clothing inside a Peloton store in Palo Alto, California, US, on Monday, Aug. 5, 2024.Peloton on Thursday said it has appointed a Ford executive to be its next CEO and president. Peter Stern, the president of Ford Integrated Services, primarily oversaw the automotive company's subscription services, such as BlueCruise, Pro Intelligence, connectivity and security. He also led the company's digital product team. Before Ford, Stern held positions at Apple and Time Warner Cable. He is the third CEO to lead Pelo ...

TORONTO, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Ford’s Conservative government tabled their Fall Economic Statement today, outlining their priorities for the months ahead. The Ontario Federation of Labour (OFL) says the update offers no real gains for Ontarians who are feeling the pain of the ongoing health care, housing, and affordability crises. “Today’s update included Ford’s scheme to dole out one-time $200 cheques to even the wealthiest of Ontarians,” said Laura Walton, President of the Ontario Federation o ...

I made an aggressive stock recommendation for Ford (NYSE: F ) (NEOE: F:CA ) just ahead of the third-quarter earnings release because the automaker reported strong electric vehicle sales for the third-quarter, which I figured raised the odds of a strong earningsAnalyst’s Disclosure: I/we have a beneficial long position in the shares of F, GM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (oth ...