Last year, Ford created two separate business units within the company, one for internal combustion-powered vehicles called Ford Blue, and the other for electric vehicles called Ford Model E. Stellantis is also supposed to begin production of the Ram 1500 Rev later next year, as well. Tesla has said its Cybertruck will begin full production in 2024, following a number of delays. That truck will be joined early next year by GM’s GMC Sierra EV. Ford did not provide any information about what the battery-related issue might be, its possible cause or potential consequences.įord has sold 18,000 Lightning pickups since production started in the spring of 2022.Ĭurrently the best-seller in the category, the Lightning will face intense competition later this year when GM begins production of the Chevrolet Silverado EV. The pause in production and delivery apparently does not apply to trucks that are already at dealerships ready to be delivered or to trucks already with customers. A Ford spokesperson now says a return to production “could take a few weeks.” CNN Sans ™ & © 2016 Cable News Network.Ford recently stopped production on the electric F-150 Lightning pickup because of a possible battery problem. Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account Reservation holders who had not yet been invited to place a firm order may have to pay the increased price, though. General Motors recently increased the price of the GMC Hummer EV by $6,250.Ĭustomers who already have an order for a truck won’t have to pay the new, higher price, according to Ford. It will be available on even base versions, Ford said, as part of a $1,400 to $2,000 (depending on the specific truck model) Tow Technology Package.įord isn’t alone in raising prices, particularly for electric vehicles. The Special Vehicle Service Package, which includes things like “police grade” heavy duty cloth seats, is now available for fleet buyers on the base Pro model.įord is also adding a new feature, called Pro Trailer Hitch Assist, which automatically steers the truck to make hooking it up to a trailer easier, according to Ford. The EPA-estimated range for the base model truck has been increased from 230 miles to 240 miles, for instance. There are some small improvements to the truck, though. Ford had stopped taking retail orders at the end of last year as customer demand threatened to outstrip the automaker’s production capacity. The change is due to “significant material cost increases and other factors,” according to a Ford announcement. (With electric vehicle tax credit rules set to change under new legislation, it’s unclear if the truck will continue to be eligible in the future.) The Lightning is currently eligible for the $7,500 federal EV tax credit. More expensive versions of the truck have similar price increases, up to $8,500 for highly equipped extended range models. When the Lightning first went on sale, the Pro version – the base model intended mostly as a simple work truck – cost about $40,000. But this time the base model of the pickup will cost about $7,000 more than before. Ford on Thursday will once again begin taking orders for its popular F-150 Lightning electric pickup truck.
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