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Ford cutting F-150 Lightning production workforce by two-thirds

Teslarati

Ford is cutting its F-150 Lightning production workforce by two-thirds as the company continues to try and ramp manufacturing of electric vehicles and work toward profitability. The Michigan Assembly plant is getting a third shift as Ford continues to lean on gas vehicle sales to bolster its finances.

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Electric Vehicle Spotlight: Financing a Ford F-150 Lightning

EV Life

The debut in 2021 of the all-electric version of America’s most popular pickup truck, the Ford F-150 Lightning , marked a major shift in the truck landscape. This article will explore what makes the F-150 Lightning such an impressive addition to Ford’s growing EV lineup, as well as compare the six different trims available.

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Ford splitting auto business into two distinct entities: Ford Blue and Ford Model e

Green Car Congress

The creation of Ford Model e was informed by the success of small, mission-driven Ford teams that developed the Ford GT, Mustang Mach-E SUV and F-150 Lightning pickup as well as Ford’s dedicated EV division in China. Ford is forming two distinct, but strategically interdependent, auto businesses: Ford Blue and Ford Model e.

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Ford outlines strategic plan to investors; connected, smart vehicles and services, EVs and financial fitness

Green Car Congress

Rapidly improving fitness to lower costs, release capital and finance growth. This starts with the company reallocating $7 billion of capital from cars to SUVs and trucks, including the Ranger and EcoSport in North America and the all-new Bronco globally. Allocating capital where Ford can win the future.

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Ford invests $182.2 million in cloud-based software development company Pivotal

Green Car Congress

The investment was part of Pivotal’s $253-million Series C financing round; the round was led by new investor Ford, in conjunction with Microsoft and all previous investors GE, EMC and VMware. The new Ford F-150 now runs with more than 150 million lines of software code. Ford is investing $182.2 Ford intends for the $182.2-million

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Ford Mustang Mach-E price cuts are proving affordable EVs are in demand

Baua Electric

Ford is moving inventory after slashing prices by up to $8,100 on its best-selling electric SUV, the Mustang Mach-E , last month. Good news: Ford Mustang Mach-E price cuts are working Ford cut Mustang Mach-E prices by up to $8,100 in February with new finance and lease incentives.

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Rivian is prioritizing its Amazon delivery vans over R1T production: report

Teslarati

As per a recent report, Rivian is prioritizing the production of Amazon’s electric delivery van rather than the R1T pickup and the R1S SUV. This is a relatively conservative number, at least when compared to the Ford F-150 Lightning , which has received over 150,000 non-binding reservations to date.