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Ford Halting Production of Its Electric F-150 Lightning Truck, Report Says
Investopedia· 2024-11-01 06:30
Key TakeawaysFord will reportedly halt production of its F-150 Lightning electric pickup truck for several weeks starting in mid-November.The automaker's electric vehicle division posted a quarterly loss this month and sales are down year-over-year.Earlier this year, Ford limited production at the facility that makes the F-150 Lightning. Ford (F) is halting production of its all-electric F-150 Lightning pickup truck for at least several weeks as it faces softening demand for its electric vehicles, according ...
Ford is stalling F-150 Lightning production and slashing manager bonuses as it races to cut costs
Business Insider· 2024-11-01 04:38
文章核心观点 - 福特汽车正在采取两项主要的成本削减措施,以应对其电动车业务难以盈利的困境[1][2] - 福特将暂停其旗舰电动皮卡F-150 Lightning的生产7周,同时将管理层的奖金削减至去年水平的65%[3] - 福特的财务业绩受到质量问题和成本上升的影响,包括在第二季度计提8亿美元的质保费用[3] 公司概况 - 福特正专注于降低成本、提高质量,以使其业务成为更高增长、更高利润、更资本高效和更有抗风险能力[4] - 福特电动车部门在第三季度亏损12亿美元,公司也调整了全年盈利预期[5] - 福特股价在财报发布后下跌约5%,今年累计下跌超过15%[5] 行业动态 - 美国电动车市场的突然变化对福特这家美国汽车公司产生了较大影响[4] - 福特之前将40%的资本支出用于电动车,现已调整至30%[4] - 福特还取消了长期计划的三排座电动SUV,并推迟了下一款电动皮卡的生产[5]
Ford to pause production of F-150 Lightning pickup
Fox Business· 2024-11-01 03:50
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 stops manufacturing electric F-150 pickups for six weeks as demand sags
New York Post· 2024-11-01 03:20
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 pauses F-150 Lightning production as Tesla Cybertruck heats up
TechCrunch· 2024-11-01 02:06
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 to halt production of electric F-150 Lightning next month until 2025
CNBC· 2024-11-01 00:24
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 ...
Ford's Ride-The-Brakes Strategy Is Hard To Steer
Seeking Alpha· 2024-10-31 23:55
Lipper Alpha Insight (https://lipperalpha.refinitiv.com/) is a free daily news and commentary blog, giving financial professionals actionable ideas and insight to make sense of individual security news and events and stay on top of macroeconomic trends. We have a team of expert analysts that are constantly looking at the financial landscape in order to keep you up to date on the latest movements. ...
Peloton skyrockets as guidance upped, chief executive picked from Ford, Apple
Proactiveinvestors NA· 2024-10-31 23:33
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 ...
Fleetio and Ford Pro Announce Expanded Connected Fleet Integration
GlobeNewswire News Room· 2024-10-31 21:10
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 ...
Peloton announces Ford exec Peter Stern as its next CEO
CNBC· 2024-10-31 19:12
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 ...