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Heartbreaking though it may be, it doesn't seem likely that we'll see another Ford GT anytime soon. For the moment, Ford seems to be more interested in making Mustangs, Raptors, and other more affordable enthusiast cars instead, according to CEO Jim Farley, who recently said as much on an episode of the Top Gear podcast.
By Pras Subramanian, Yahoo Finance
Automakers are starting to sound like a broken record as of late. From delayed production to revised investments, automakers are re-evaluating their short-term plans for electric vehicles. And Ford is joining the mix, as it announces plans to slow production of its electric pickup truck, the Ford F-150 Lightning. This is not the first time Ford has altered production quotas for the Lightning. Just this summer, Ford said it would triple its annual production rate in response to falling raw material costs. However, as electric vehicles sit on dealership lots, Ford is following manufacturers like General Motors in truncating production plans. Ford was the second largest EV producer in America last year, with EV sales rising 18% year-over-year. Starting April 1, F-150 Lightning production will be down to one shift at Ford's Michigan Rouge Electric Vehicle Center. This
Ford is cutting production of the F-150 Lightning electric pickup after weaker-than-expected electric vehicle sales growth.
Ford has announced changes to its production outputs of the Bronco, Ranger, and F-150 Lightning vehicle ranges. The Bronco, Ranger, and their Raptor variants are so popular that the Blue Oval has had to add a third production shift at the Michigan Assembly Plant to keep up with demand. This will remain in place for the foreseeable future.
Ford is cutting production of its F-150 Lightning as demand for the electric pickup truck wanes, the automaker announced Friday.
Ford announced early Friday that it will be adjusting production targets for 2024 in order to crank out more midsize trucks and SUVs. The company simultaneously announced that it would dial back F-150 Lightning production in order to better match existing (read: softer) demand. The former will be accomplished by adding a third shift (and 900 new jobs) to the company's Michigan Assembly facility in Wayne, Mich.
Ford threw a helluva party last night in Charlotte, North Carolina. It marked the launch of the company's 2024 racing season through Ford Performance, beginning next week with the big endurance race at Daytona. The new Mustang GT3 will be there in force, and company CEO Jim Farley wants the world to know it has a V8 engine under the hood.