DETROIT — Ford will drastically lower the variety of hourly staff at its manufacturing unit that builds the Ford F-150 Lightning as gross sales of electrical autos gradual, in accordance with a media report.
Ford started the 12 months by slicing manufacturing of the F-150 Lightning electrical pickup after weaker-than-expected electrical automobile gross sales development.
Whereas EV gross sales are rising within the U.S., the tempo is falling properly wanting the business’s bold timetable and plenty of shoppers are turning to hybrid autos as an alternative.
Ford bought simply over 24,000 Lightnings final 12 months, up 55% from 2022. However sellers are reporting slower gross sales and rising inventories on the electrical truck, which begins at slightly below $50,000.
On Wednesday, the Detroit Free Press and Louisville Courier reported that Ford will start trimming the hourly workforce subsequent week on the Rouge Electrical Car Middle in Dearborn, Michigan, in accordance with Ford spokeswoman Jessica Enoch.
Of the two,100 staff who make up three work crews on the Dearborn facility, a 3rd will stay, Enoch advised the Detroit Free Press. Ford will switch 700 staff to the Michigan Meeting Plant in Wayne to construct the Bronco and Ranger. The remaining 700 staff will both take a retirement package deal provided throughout final 12 months’s contract talks with the United Auto Staff, or will take a reassignment in southeast Michigan. Ford is including a 3rd crew at Michigan Meeting, the paper reported.
Shares of Ford Motor Co. had been basically flat earlier than the opening bell.