Ford (F) to Reduce F-150 Lightning EV Production in Michigan

Ford (F) will cut one of the two production shifts at its Rouge Electric Vehicle Center in Michigan that builds the all-electric F-150 Lightning. The company intends to match customer demand by lowering production. The announcement came amid slower-than-expected customer demand for electric vehicles (“EVs”).The U.S. legacy automaker has been manufacturing the F-150 Lightning since April 2022. In 2023, the company sold 24,000 F-150 Lightning units. This represented a small fraction of Ford's overall F-series ...