Ford Dispatches 144K Redesigned F-150 And Ranger Trucks To North American Dealers, Aiming For Quality Assurance
Portfolio Pulse from Benzinga Neuro
Ford Motor Company (NYSE: F) is delivering 144,000 redesigned F-150 and Ranger trucks to North American dealers to address quality issues and has resumed F-150 Lightning electric truck shipments with a price reduction of up to $5,500. This move is part of Ford's strategy to enhance quality assurance and customer satisfaction, aiming for a pre-tax profit between $10 billion and $12 billion in 2024. The delay in truck distribution may affect Ford's Q1 financial results, with 60,000 F-150s pending shipment this quarter. Ford's actions, including a price cut on the Lightning model, reflect efforts to remain competitive in the EV market and avoid past warranty repair costs.

April 12, 2024 | 10:14 am
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Ford is delivering 144,000 redesigned trucks to tackle quality issues and has resumed F-150 Lightning shipments with significant price reductions. These efforts are aimed at improving customer satisfaction and achieving a substantial pre-tax profit goal by 2024, though they may impact Q1 financial results.
Ford's delivery of a large number of redesigned trucks and the resumption of F-150 Lightning shipments, along with a price reduction, are positive steps towards addressing past quality issues and enhancing market competitiveness. These actions are likely to be well-received by investors and could positively influence Ford's stock in the short term, despite potential impacts on Q1 financial results due to the delay in truck distribution.
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