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Ford second-quarter earnings blow past Street expectations
... Jim Farley said in a statement that we are moving with purpose and speed into the most promising period for growth in Ford 's history — to innovate and deliver great products and connected services, raise quality and lower costs. The guidance for the ... ... said its order bank on North America remained robust, with nearly all 2022 model-year vehicles sold out, including the electric F-150 Lightning pickup, which hit dealerships in May. Ford guided for about $4 billion in headwinds from commodity prices, but the company ...
Updated: 07/27/2022
Ford's second quarter beats expectations, confirms full-year profit guidance
... to the fact that most automakers reported sales declines for the quarter. Ford sold 2,296 F-150 Lightning electric pickups since it went on sale in late May, with total EV sales in June hitting 4,353, a 76.6% increase compared to a year ago. Ford 's electric portfolio includes the Mustang Mach-E, the E-Transit van, and the F-150 Lightning. Last week Ford reiterated that it was on track to build 600,000 EVs annually by the year 2023, as it detailed new partnerships with CATL and LG Energy for raw materials and battery production. By the year 2026, Ford hopes to increase its ...
Updated: 07/27/2022
Ford to boost EV capacity, supply deals with Chinese firms
... capacity, Ford said it is adding lithium iron phosphate LFP cell chemistry for EV batteries, along with nickel cobalt manganese NCM Ford said it secured all of the 60 gigawatt hours GWh of cell capacity needed to support the 600,000 run rate. The U.S. automaker said CATL will provide full LFP battery packs for the Mustang Mach-E crossovers for North America starting next year, as well as the F-150 Lightning pickups in early 2024. The company is working with LG Energy Solution and its long-time battery partner SK Innovation. Ford said that it now has 70% of the battery cell capacity it needs to achieve its annual production rate of more than 2 ...
Updated: 07/21/2022
F-150 Lightning pickup truck recalled over low tire pressure
... that their tire pressure matches the figures provided on the tire and load information label that is located inside the vehicle's driver-side front door jamb. Ford plans to double the production of the vehicle to 150,000 trucks annually in 2023, after receiving over 200,000 reservations for the F-150 Lightning . The standard-range F-150 Lightning battery provides a targeted EPA -estimated range of 230 miles. The extended range ...
Updated: 07/01/2022
F150 Lightning pickup trucks recalled over low tire pressure
... -estimated range of 300 miles. The extended-range battery pack produces 580 horsepower and the standard-range battery pack produces 452 horsepower. Both packs are capable of producing 775 lbs. More than any other F 150 pickup has ever produced, and that's more than any other F 150 pickup. Properly equipped F-150 Lightning pickups have a payload capacity of up to 2,235 lbs. A towing capacity of up to 10,000 lbs. is included in the towing capacity. The prices range from $39,794 to $90,474 depending on the model, before factoring in destination fees and available ...
Updated: 06/29/2022
Ford to recall 2,900 F-150 Lightning trucks over software issue
... failure to provide adequate warning of low tire pressure. Reuters- Ford Motor Co said Monday it would recall about 2,900 F-150 Lightning trucks because of a software issue that may cause a failure to provide adequate warning of low tire pressure. The Ford electric pickup truck was the first to be affected by the recall. Ford said the truck's tire pressure monitoring system light may not illuminate when intended and may not be able to provide adequate warning of low ...
Updated: 06/27/2022
Ford’s Lightning Lightning truck sells for $40,000 at auction
... one was sold at auction for $40,000 over the MSRP. Berkshire Berkshire Berkshire Insurance insurance. Ford 's F F 150 Lightning trucks are in such high demand that a damaged one was sold at auction for $40,000 over the MSRP . According to Ford 's online configurator, the Lightning Lariat, which has a starting price of $67,474, sold on the auction site ACV Auction for $110,400, according to Teslarati . The sale was reported on the F-150 Lightning Forum , a fan forum site that showed a screenshot of the closed auction. Information about the truck shows its trim level, VIN number and details that there is body damage on the truck, which includes loose trim on the truck's running ...
Updated: 06/13/2022
Rivian’s new pickup is way priced, says expert
... the price tag could be a challenge. Peter Rawlinson , CEO of EV maker Lucid and a former Tesla engineering executive, told Reuters in March that the R 1 T probably needs to be priced at $95,000 to be profitable. Like its chief competitor, the Ford F-150 Lightning, Rivian 's new pickup features a body-on frame design, but the R 1 T's bed and cabin are all one piece, unlike the F-150 . The Lightning is priced from $40,000 to more than $100,000. Ben Lindamood , a Munro director, says it's designed and built quite differently ...
Updated: 06/03/2022
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