Ford cuts F-150 Lightning production as EV demand softens

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Ford (F) expands workforce at Wayne facility to meet demand; reduces F-150 lightning production

January 19, 2024 8:35 AM EST

Detroits Ford Motor (NYSE: F) revealed Friday their intention to generate almost 900 additional jobs by establishing a third crew at the Michigan Assembly Plant in Wayne. A move aimed at meeting the high demand for popular models like the Bronco, Bronco Raptor, Ranger, and Ranger Raptor.

Ford is strategically navigating its global operations to capitalize on a well-balanced lineup, offering customers a mix of gas-powered, hybrid, and electric vehicles for optimized financial... More