Ford To Deliver Over 1,000 F-150 Lightning And Mustang Mach-E Cars To Power Ecolab's Clean Driving Initiatives
Portfolio Pulse from Anan Ashraf
Ford Motor Co (NYSE:F) will supply over 1,000 F-150 Lightning and Mustang Mach-E electric vehicles to Ecolab as part of the latter's initiative to electrify its North American fleet by 2030. Ecolab aims to reduce costs and save approximately $1,400 in fuel per vehicle annually. Ford's electric truck and SUV will join Ecolab's predominantly Ford fleet, continuing a nearly 100-year partnership between the companies. In 2023, Ford's F-150 Lightning was the best-selling electric truck in America.
January 31, 2024 | 10:45 am
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Ford Motor Co is set to deliver over 1,000 electric vehicles to Ecolab, reinforcing its position in the EV market and continuing its long-standing partnership with Ecolab.
The sale of over 1,000 electric vehicles to Ecolab is a significant business win for Ford and highlights the company's growing presence in the electric vehicle market. This deal is likely to be viewed positively by investors as it not only boosts Ford's sales figures but also strengthens its relationship with Ecolab, a major fleet customer. The news may have a positive short-term impact on Ford's stock price, reflecting the company's successful penetration into the EV market and the potential for future deals of a similar nature.
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