Posted on 07/18/2023 11:52:45 AM PDT by Red Badger
On Monday, Ford announced significant price cuts for all versions of its electric F-150 Lightning pickup. The cheapest version of the Lightning will now start at about $50,000, a roughly $10,000 cut. All versions of the EV will get price cuts of at least $6,000 as Ford works to boost production this fall.
Ford claims their efforts to boost production and lower costs for battery minerals paid off.
Ford suggests they can’t meet the demand, but there is an EV bubble right now, and many unsold EVs are piling up on car lots. Companies other than Tesla have produced too many EVs and must move them. It’s supply and demand.
The company had increased the Lightning’s prices several times since its 2021 debut, citing supply constraints and sharply higher prices for the minerals used in the electric truck’s batteries. Ford has worked to increase production of the truck in recent months, with factory upgrades expected to triple its output set to be in place by fall.
CEO Jim Farley’s effort to boost production hasn’t been a smooth one. Ford sold just 4,466 Lightnings in the second quarter after a fire in a just-completed truck in February led it to shut down production for five weeks.
They are cool trucks, but there are issues.
At the time of its 2021 debut, the lowest-priced version of the Lightning – the work-truck Pro trim – was about $40,000. That price was increased several times, hitting about $60,000 in March.
The most expensive version of the Lightning, the extended-range Platinum trim, will now start at about $92,000, down from just over $98,000. [Oh, yippee!]
These EV cars and trucks are expensive, and in this economy, people aren’t going to buy them. They’re also not ready for long distances. Unless you’re talking Tesla, they aren’t selling like hotcakes.
That’s a lot of soccer balls...
Ford EV losses of $5.1 billion over two years.
The Ford ceo should be fired. The losses will continue.
That doesn't sound kooky at all. Look at what the commies have done in the past to take over a country. They destroy it economically, culturally, and politically. They they think they can build their utopia from the ashes.
USSR...
Eastern Block...
Cuba...
Venezuela...
etc...
The only reason China did not completely implode is because they embraced some Capitalism, and now they are trying to reign that in.
Neither does Chewbacca living on Endor.
F150 is a piece of chrome colored plastic made to look like a real truck.
IOW, the US Post Office...................
Trans-cars.........................
That is not a good business model......................
Our republic is no more.
Business models are now socialist on the fast track to commie.
If Deep State wants to keep Ford on the red it will.
With taxpayer money.
...in the red...
It will make a nice lawn ornament when you can no longer buy gasoline, because they will outlaw that as well................
Yes you can. They get about 30 mile to the gallon! My 2017 F350 gets about 20 on the highway.
Likely to be getting a truck and trading in both my GMC 2500 short bed and my F250 v10 long bed as I need to consolidate. My preference is for a Ford and I need a long bed for my slide in camper.
So I am thinking F 250 long bed type. I am planning on after market chip for fuel economy, extra tank for added range, fuel pump for diesel, adjustable suspension (slide in is heavy). Possibly considering a dually. Also working on my HAM radio license so going to need some electronic work. So lots of customization.
Any recommendations?
Reads like an AI composition.
I have no idea why he wanted a truck in the first place. Probably to project a macho image.
Sounds like my neighbor.
For some reason, he makes me think of Jeb Bush.
I want to punch him, but that isn’t socially, or legally, allowed.
Well doubt a pickup would work for the post office. But utility companies etc
I love my 2017 F350. Go take one for a test drive. 250 or 350. Mine is a Platinum crew cab, long bed, 4x4, etc.
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