Ford Says Now Shipping New F-150 And Ranger Trucks To Customers Across North America; Assembled 144,000 Of New Trucks In Q1; For 2024, Doubling Production Rate F-150 PowerBoost Hybrid To 20% Of All F-150 Pickups
Portfolio Pulse from Benzinga Newsdesk
Ford has announced the commencement of shipments for its new F-150 and Ranger trucks across North America, having assembled 144,000 units in Q1. The company also plans to double the production rate of the F-150 PowerBoost Hybrid to account for 20% of all F-150 pickups in 2024.
April 11, 2024 | 4:02 pm
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Ford's announcement of shipping new F-150 and Ranger trucks, along with the significant increase in production of the F-150 PowerBoost Hybrid, indicates a strong product pipeline and potential revenue growth.
The announcement of new shipments and an increase in production capacity, especially for the F-150 PowerBoost Hybrid, suggests Ford is responding to market demand and positioning itself for future revenue growth. This strategic move is likely to be viewed positively by investors, potentially leading to a short-term uptick in Ford's stock price.
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