'Ford Cutting F-150 Lightning Production By Half In 2024, Suppliers Told' - Automotive News
Portfolio Pulse from Benzinga Newsdesk
Ford Motor Co. is reportedly planning to cut production of its F-150 Lightning electric vehicle by half in 2024, according to a memo sent to suppliers. This decision could signal a shift in Ford's strategy or a response to market demand and supply chain issues.
December 11, 2023 | 9:26 pm
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Ford's decision to reduce the production of the F-150 Lightning could impact investor sentiment negatively due to concerns over demand or supply chain efficiency, potentially affecting the stock price in the short term.
The reduction in production of a key electric vehicle model like the F-150 Lightning suggests either a strategic pivot or challenges in demand and supply chain, which could worry investors about Ford's growth in the EV sector and lead to a negative stock price movement in the short term.
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