Ford Halts 2024 F-150 Lightning Deliveries For Quality Checks, Gas-powered F-150 Shipments Begin: Report
Portfolio Pulse from Nabaparna Bhattacharya
Ford Motor Company (NYSE:F) has paused deliveries of the 2024 F-150 Lightning electric trucks for quality checks, with no specified resumption date. Meanwhile, Ford has begun shipping the redesigned gas-powered 2024 F-150 pickups, planning to increase shipments after thorough quality assessments. Despite a decrease in production of the F-150 Lightning due to lower demand, Ford continues its operations and has adjusted its production rate to about 1,600 trucks weekly from an initial 3,200. Ford's F-150 Lightning sales in the U.S. saw a 55% increase from 2022, with 24,165 trucks sold.
February 24, 2024 | 7:58 pm
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Ford has stopped deliveries of the 2024 F-150 Lightning for quality checks and started shipping gas-powered F-150s. Despite reduced EV demand, production continues with a revised rate.
The halt in F-150 Lightning deliveries for quality checks might concern investors about potential quality issues, but the start of gas-powered F-150 shipments and ongoing EV production despite reduced demand show Ford's adaptability and commitment to quality. The impact on the stock price is neutral short-term as the market digests both positive and negative aspects.
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