Ford employees produce the F-150 Lightning electrical pickup truck on the automaker’s Ford Rouge Electrical Automobile Heart on December 13, 2022.
Michael Weiland | CNBC
DETROIT — ford motor The US automaker will reduce deliberate manufacturing of its all-electric F-150 Lightning pickup truck by nearly half subsequent yr, marking a significant reversal after the automaker made a major enhance in electrical car manufacturing facility capability in 2023.
The brand new manufacturing plans name for a mean quantity of about 1,600 F-150 Lightnings per week at Ford’s Rouge Electrical Automobile Heart in Dearborn, Michigan, beginning in January, in line with a supply acquainted with the choice. The automaker not too long ago deliberate to provide a mean of practically 3,200 vehicles per week.
“We’ll proceed to match manufacturing with buyer demand,” a Ford spokeswoman mentioned Monday.
Ford executives not too long ago mentioned the automaker will match manufacturing with demand, as the corporate cancels or postpones $12 billion in investments in upcoming electrical autos.
The F-150 Lightning manufacturing cuts have been first detailed in a planning memo to suppliers obtained by Automotive Information. The memo famous “modified market demand” as a result of cuts, in line with the submit.
Demand for electrical autos has been slower than many anticipated, as costs and rates of interest stay excessive. Automakers are working to scale back manufacturing prices for totally electrical autos, whereas reconsidering manufacturing and product plans for the approaching years.
Ford spent six weeks earlier this yr rising F-150 Lightning truck capability on the Michigan plant, which was anticipated to have the ability to produce 150,000 all-electric vehicles, thrice its deliberate preliminary manufacturing.
F-150 Lightning gross sales have steadily elevated in 2023, setting a month-to-month file of about 4,400 offered in November. The corporate has offered simply 20,365 vehicles this yr via November, a rise of 54% from the earlier yr.
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