Ford Motor Exec Says Next Ford Electric Truck Will Have 30% Lower Labor Cost Than Current F-150; Ford Motor Exec Says Will Dedicate One Na Battery Plant To Commercial Vehicles
Portfolio Pulse from Benzinga Newsdesk
Ford Motor's next electric truck will have a 30% lower labor cost than the current F-150, according to a company executive. Additionally, Ford will dedicate one North American battery plant to commercial vehicles.
May 22, 2023 | 1:29 pm
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Ford Motor's upcoming electric truck will have a 30% lower labor cost than the current F-150, potentially improving the company's profitability. A dedicated battery plant for commercial vehicles may also boost Ford's presence in the EV market.
The 30% lower labor cost for the next electric truck compared to the current F-150 indicates potential cost savings and improved profitability for Ford. Dedicating a battery plant to commercial vehicles shows Ford's commitment to expanding its presence in the electric vehicle market, which could positively impact its stock price in the short term.
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