Ford Doubles F-150 Lightning Output
Ford Motor Co. has doubled its production target for the F-150 Lightning because of strong early demand for the full-sized electric pickup truck ahead of its 2022 launch and plans to spend an additional $850 million to meet that target. Ford is targeting annual production of more than 80,000 in 2024, up from its prior target of more than 40,000. The ramp to the new production target includes plans to build about 15,000 next year after the electric truck’s spring launch and 55,000 in 2023.
“We are excited with customer demand for the F-150 Lightning and already have 120,000 customer reservations, and we will continue to look for ways to break constraints and meet customer demand,” Ford said in a statement.