Ford to increase F-150 hybrid pickup production twofold amidst decelerating EV sales growth

Ford to increase F-150 hybrid pickup production twofold amidst decelerating EV sales growth


2024 Ford F-150 PowerBoost Platinum hybrid

Ford

DETROIT⁤ —‌ Ford Motor plans to double‍ production of a ⁢hybrid version of​ its F-150 ‍pickup truck as the company⁤ grapples with slower-than-expected sales of its all-electric vehicles.

Ford expects to increase sales of the V-6 hybrid model during the 2024 model year ​to​ roughly 20% in the U.S. The automaker declined to release specific production figures, but it likely equates to tens of thousands​ more of the hybrid vehicles.

Achieving that production target ⁤may be ⁤more difficult than usual, as Ford and its ‌crosstown rivals face a⁣ potential strike by the⁣ United Auto‌ Workers later this week that could shutter some or all ‍of their ⁢U.S. factories. Ford, General Motors and Stellantis must achieve separate deals⁢ with the UAW ‍for 146,000 autoworkers by 11:59 p.m. Thursday to ford-to-increase-f-150-hybrid-pickup-production-twofold-amidst-decelerating-ev-sales-growth.html” title=”Ford to increase F-150 hybrid pickup production twofold amidst decelerating EV sales growth”>avoid potential work stoppages.

The hybrid plans⁤ follow Ford CEO Jim‌ Farley saying in late July that the Detroit automaker ‌would quadruple the​ company’s production of…

2023-09-12 19:15:01
Link from www.cnbc.com
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