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Ford Cuts Capri, Explorer EV Output Due To 'Significantly Lower Than Expected Demand' After Pausing F-150 Lightning Production

Benzinga LogoBenzinga1w ago

Ford Cuts Capri, Explorer EV Output Due To 'Significantly Lower Than Expected Demand' After Pausing F-150 Lightning Production - Benzinga

Quick Summary:

Both the Explorer EV and the Capril EV commenced production in Germany earlier this year.“The significantly lower than expected demand for electric vehicles, specifically in Germany, requires a temporary adjustment of production volumes at the Cologne Electric Vehicle Centre,” a Ford spokesperson told a German news outlet Deutsche Presse-Agentur.

Ford Motor Co (NYSE:F) is reportedly slowing production of the electric Capri and Explorer at the company’s Cologne factory in Germany owing to slowing EV demand.

What Happened: As a result of the production slowdown, Ford employees will work one week and take off in the next until Christmas vacation, according to a report by Motor1.

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Ford Cuts Capri, Explorer EV Output Due To 'Significantly Lower Than Expected Demand' After Pausing F-150 Lightning Production - Benzinga (Picture 1)

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 12:41:53 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 378 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23585222

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 26 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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News Language: English

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Publisher ID: #53

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