Ford intends to reduce the production of its electric F-150 Lightning pickup by 50% in the coming year due to “shifting market demands” Michael Martinez of Automotive News reported. This significant reduction marks a substantial step back for a prominent vehicle model that the automaker dedicated most of this year to ramping up in greater quantities.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on F:
- Ford’s (NYSE:F) F-150 Lightning Could Soon Help Owners Manage Home Energy
- Ford, Resideo launch ‘EV-Home Power Partnership’ project
- Ford (NYSE:F) Teams Up with Xcel to Deploy Charging Ports
- Ford, Xcel Energy collaborate on deployment of 30,000 EV charging ports
- What You Missed This Week in EVs and Clean Energy