Home Business Ford appears to be like to spice up gas-powered F-150 manufacturing, sticks to targets for EV model

Ford appears to be like to spice up gas-powered F-150 manufacturing, sticks to targets for EV model

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Employees put engines on the body as Ford Motor Co. gas powered F-150 vans beneath manufacturing at their Truck Plant in Dearborn, Michigan on September 20, 2022.

Jeff Kowalsky | AFP | Getty Photographs

Ford Motor Co on Friday mentioned it was finding out methods to spice up output of gasoline-powered and hybrid F-150 vans at a Michigan manufacturing unit as a part of a broader plan to spice up manufacturing of a number of fashions.

The No. 2 U.S. automaker mentioned it’s growing manufacturing by greater than 80,000 automobiles for its Bronco Sport and Maverick this yr, up from 225,000 in 2022.

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The automaker reiterated that it’s nonetheless on observe to triple F-150 Lightning EV manufacturing this yr, focusing on an annual manufacturing run price of 150,000 by the tip of 2023. The automaker was pressured to halt manufacturing in early February after a battery hearth, and plans to resume manufacturing on March 13.

Ford shares rose 3.6% in early buying and selling on Friday.

Ford’s U.S. F-150 gross sales fell 9.9% in 2022 to about 654,000, together with 15,617 F-150 EV vans, as the corporate struggled with manufacturing and provide chain issues.

Common Motors final month mentioned it will idle the Fort Wayne, Indiana, meeting plant that builds Chevrolet Silverado and GMC Sierra pickup vans for 2 weeks beginning March 27 to keep up “optimum stock ranges with our dealerships.”

GM, Ford and Chrysler mum or dad Stellantis dominate the U.S. massive pickup market, and for the previous two years have been elevating costs on their vans to document ranges as supply-chain snags restricted manufacturing.

The U.S. Postal Service this week mentioned it will purchase 9,250 E-Transit supply automobiles from Ford beginning later this yr.

Ford started growing manufacturing of the Mustang Mach-E this week and plans to just about double its hourly manufacturing and produce its annual manufacturing run price to a focused 210,000 items by the tip of 2023.

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