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Ford to stop production of F-150 Lightning EV pickup for six weeks

Ford Motor will halt production of its F150 Lightning electric automobile pickup trucks for 6 weeks from Nov. 18 to Jan. 6, the Dearborn automaker stated on Thursday.

Ford's U.S. plants are closed for a holiday week in December.

We continue to adjust production for an optimal mix of sales development and success, a Ford representative stated.

Ford has been downsizing its EV plans, saying in August it was killing a planned three-row electric SUV and pressing back a. new electric variation of its very popular F-150 pickup.

The company has rather thrown more investment into hybrid. cars, which integrate an electrical motor with a fuel. engine.

Ford said this month its Ford-brand U.S. EV sales are up 45%. this year and sales of F-150 Lightning more than doubled to. 7,100 in the 3 months ending Sept. 30 - thought they still. represent just 3.6% of all F-Series pickup sales.

The business in April cut production of the F-150 Lightning. to one shift after it announced in October 2023 it would. temporarily cut one of three shifts at its Michigan plant.

CEO Jim Farley has stated one of the main options to slowing. EV sales growth is bringing production expenses down. That is a key. objective for the future health of the business, which is expected to. lose about $5 billion on EVs this year alone.

Ford this week reported third-quarter earnings of $900. million, or 22 cents per share, harmed by a $1 billion charge it. took over the decision to cancel production of the three-row EV. SUV in August.

(source: Reuters)