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<blockquote data-quote="Weather Man" data-source="post: 16661398" data-attributes="member: 137766"><p>New billboard up by my house pushing the EV Ford pickup.</p><p></p><h3>Ford doubles production target for electric F-150 pickup - Reuters</h3><p>Aug. 23, 2021 3:51 PM ET<a href="https://seekingalpha.com/symbol/F?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AF" target="_blank">Ford Motor Company (F)</a><a href="https://seekingalpha.com/user/54632294/profile?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name%7Cfirst_level_url%3Anews" target="_blank">By: Lucas Heilman</a>, SA News Editor<a href="https://seekingalpha.com/news/3733248-ford-doubles-production-target-for-electric-f-150-pickup-reuters#comments" target="_blank">97 Comments</a></p><p></p><p><img src="https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1232993923/medium_image_1232993923.jpg" alt="Ford Motor Company Reveals First All-Electric Pickup Truck" class="fr-fic fr-dii fr-draggable " style="" />Bill Pugliano/Getty Images News</p><p></p><ul> <li data-xf-list-type="ul">Ford (<a href="https://seekingalpha.com/symbol/F?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews" target="_blank">F</a> +1.6%) shares trade up on reports from <a href="https://www.reuters.com/business/autos-transportation/exclusive-ford-doubles-lightning-production-target-strong-pre-launch-demand-2021-08-23/" target="_blank">Reuters</a> that the company has doubled its F-150 Lightning production target based on strong demand ahead of its 2022 launch.</li> <li data-xf-list-type="ul">Sources say that Ford will spend $850M to meet a higher annual production target of 80,000+ electric trucks in 2024, up from the prior target of over 40,000.</li> <li data-xf-list-type="ul">The company plans to ramp up production of the F-150 Lightning from 15,000 pickups next year to an annual goal of close to 150,000 in late 2025.</li> <li data-xf-list-type="ul">An anonymous source said Ford was "pleasantly surprised by the demand for the Lightning." The company previously announced that it had 120,000 reservations for the truck.</li> <li data-xf-list-type="ul">Analysts have questioned whether consumers would be willing to give up their gas-powered trucks for electric versions as automakers including Tesla (<a href="https://seekingalpha.com/symbol/TSLA?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews" target="_blank">TSLA</a> +3.9%) and GM (<a href="https://seekingalpha.com/symbol/GM?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews" target="_blank">GM</a> -1.1%) <a href="https://seekingalpha.com/news/3728991-general-motors-teases-out-details-on-the-all-electric-silverado?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews" target="_blank">plan production of electric pickups.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16661398, member: 137766"] New billboard up by my house pushing the EV Ford pickup. [HEADING=2]Ford doubles production target for electric F-150 pickup - Reuters[/HEADING] Aug. 23, 2021 3:51 PM ET[URL='https://seekingalpha.com/symbol/F?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AF']Ford Motor Company (F)[/URL][URL='https://seekingalpha.com/user/54632294/profile?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name%7Cfirst_level_url%3Anews']By: Lucas Heilman[/URL], SA News Editor[URL='https://seekingalpha.com/news/3733248-ford-doubles-production-target-for-electric-f-150-pickup-reuters#comments']97 Comments[/URL] [IMG alt="Ford Motor Company Reveals First All-Electric Pickup Truck"]https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1232993923/medium_image_1232993923.jpg[/IMG]Bill Pugliano/Getty Images News [LIST] [*]Ford ([URL='https://seekingalpha.com/symbol/F?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews']F[/URL] +1.6%) shares trade up on reports from [URL='https://www.reuters.com/business/autos-transportation/exclusive-ford-doubles-lightning-production-target-strong-pre-launch-demand-2021-08-23/']Reuters[/URL] that the company has doubled its F-150 Lightning production target based on strong demand ahead of its 2022 launch. [*]Sources say that Ford will spend $850M to meet a higher annual production target of 80,000+ electric trucks in 2024, up from the prior target of over 40,000. [*]The company plans to ramp up production of the F-150 Lightning from 15,000 pickups next year to an annual goal of close to 150,000 in late 2025. [*]An anonymous source said Ford was "pleasantly surprised by the demand for the Lightning." The company previously announced that it had 120,000 reservations for the truck. [*]Analysts have questioned whether consumers would be willing to give up their gas-powered trucks for electric versions as automakers including Tesla ([URL='https://seekingalpha.com/symbol/TSLA?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews']TSLA[/URL] +3.9%) and GM ([URL='https://seekingalpha.com/symbol/GM?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews']GM[/URL] -1.1%) [URL='https://seekingalpha.com/news/3728991-general-motors-teases-out-details-on-the-all-electric-silverado?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews']plan production of electric pickups.[/URL] [/LIST] [/QUOTE]
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