Ford staff produce the electrical F-150 Lightning pickup on the automaker’s Ford Rouge Electrical Automobile Heart on Dec. 13, 2022.
Michael Wayland | CNBC
DETROIT — Ford Motor will reduce deliberate manufacturing of its all-electric F-150 Lightning pickup roughly in half subsequent yr, marking a significant reversal after the automaker considerably elevated plant capability for the electrical car in 2023.
The brand new manufacturing plans name for common quantity of round 1,600 F-150 Lightnings every week at Ford’s Rouge Electrical Automobile Heart in Dearborn, Michigan, beginning in January, in keeping with a supply acquainted with the choice. The automaker most not too long ago deliberate to supply roughly 3,200 of the automobiles on common per week.
“We’ll proceed to match manufacturing with buyer demand,” a Ford spokeswoman stated Monday.
Ford executives have not too long ago stated the automaker will match manufacturing to demand, as the corporate cancels or postpones $12 billion in upcoming EV investments.
The manufacturing cuts for the F-150 Lightning have been first detailed in a planning memo to suppliers obtained by Automotive Information. The memo cited “altering market demand” for the cuts, in keeping with the publication.
EV demand has been slower than many anticipated, as costs and rates of interest stay excessive. Automakers are working to chop prices of manufacturing all-electric automobiles, whereas rethinking manufacturing and product plans for the years forward.
Ford spent six weeks earlier this yr to extend capability of the F-150 Lightning on the Michigan plant, which was anticipated to be able to producing 150,000 of the all-electric vans, thrice its preliminary deliberate output.
Gross sales of the F-150 Lightning have steadily elevated in 2023, notching a month-to-month document of roughly 4,400 bought in November. The corporate has solely bought 20,365 of the vans this yr by means of November, up 54% from a yr earlier.
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