Ford halts production of electric pickup after ‘potential’ battery issue
F-150 Lightning not being built or shipped until battery problem is solved
Ford announces return to Formula 1 racing
Ford President and CEO Jim Farley and Formula 1 CEO Stefano Domernicali discuss Ford's growth in the auto industry and employment and announce its return to Formula 1 racing.
Ford Motor Co. says a battery problem has forced the second-largest U.S. automaker to stop production and delivery of its F-150 lightning electric truck, after just announcing 3,800 jobs in Europe would be cut to focus on improving its market share in the EV sector.
Ford spokesperson Emma Bergg said, "I can confirm a Stop Build and In-Transit Stop Ship for F-150 Lightning."
"As part of our pre-delivery quality inspections, a vehicle displayed a potential battery issue, and we are holding vehicles while we investigate," she added. "We are not aware of any incidences of this issue in the field."
ELECTRIC FORD F-150 LIGHTNING PRODUCTION INCREASED WITH THIRD SHIFT
In January, Ford said its electric vehicles set a monthly record, with 5,247 combined deliveries of the Mustang Mach-E, F-150 Lightning, and E-Transit van.
Ford is up 10% year-to-date.
THE FORD F-SERIES BEST-SELLING TRUCK STREAK HIT 46 YEARS IN 2022
Ford Motor Co
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| F | FORD MOTOR CO. | 11.18 | +0.38 | +3.47% |
FORD WILL BUILD $3.5 BILLION BATTERY FACTORY IN MICHIGAN
Meanwhile, Ford said sales increased 2% over the month as parts supply shortages continued to ease and production rates improved. The automaker also said sales for the F-Series truck increased 8.8% over the same period last year, with 55,001 delivered.
The Bronco SUV also had a banner month, with 10,170 deliveries, just three short of the Jeep Wrangler, according to Ford.
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Gary Gastelu of FOX Business contributed to this report.