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Ford hikes starting price of electric F-150 Lightning for second time in less than two months

CNBC LogoCNBC3 mo ago

Ford hikes starting price of electric F-150 Lightning for second time in less than two months - CNBC

Quick Summary:

Ford is increasing the entry-level price of its electric F-150 Lightning pickup by $5,000 for the 2023 model year due to rising costs and supply chain issues.

Wall Street praised the vehicle and it was a major boost for the company at that time, as investors were concentrating on EV start-ups.

But critical raw material costs such as cobalt, nickel and lithium have more than doubled during the coronavirus pandemic, according to a report from AlixPartners this summer.


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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-10-05 @ 20:26:03 (3 months ago)

News Timezone: GMT -5:00

Ranking: #1221 (out of 3225 stories this day)

News Source URL: cnbc.com

Language: English

Article Length: 379 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 20 words per sentence (average)

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

Copyright Owner: © CNBC

News ID: 747034

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About CNBC

CNBC Logo

Main Topics: EconomyBusiness

Official Website: cnbc.com

Update Frequency: 8 posts per day

Year Established: 2005

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #5

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It's most recent story was published 8 hours ago.

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  • URL: https://beamstart.com/news/ford-hikes-starting-price-of-16650023445771

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