Home Business Ford halts F-150 Lightning manufacturing as a consequence of doable battery concern

Ford halts F-150 Lightning manufacturing as a consequence of doable battery concern

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Ford staff produce the electrical F-150 Lightning pickup on Dec. 13, 2022 on the automaker’s Ford Rouge Electrical Car Heart (REVC).

Michael Wayland | CNBC

DETROIT – Ford Motor has paused manufacturing and shipments of its electrical F-150 Lightning pickup as a consequence of a possible battery concern, the corporate stated Tuesday.

Ford spokeswoman Emma Bergg declined to reveal particulars of the doable battery concern, which is being investigated after a automobile displayed a possible downside as a part of the automaker’s pre-delivery high quality inspections.

The stop-shipment order and halt in manufacturing was issued initially of final week, based on Bergg. It provides to ongoing “execution points” detailed to traders earlier this month by Ford CEO Jim Farley that crippled the automaker’s fourth-quarter earnings.

Shares of Ford had been down about 1% in mid-afternoon buying and selling Tuesday. The inventory was buying and selling for underneath $13 a share.

Ford has not established a timeline for when manufacturing and the shipments will resume, based on Bergg.

“The crew is diligently engaged on the foundation trigger evaluation,” she stated, including the corporate is “doing the correct factor by our clients” to resolve any potential points earlier than resuming manufacturing and shipments.

The corporate is unaware of any incidents or points related to the potential battery concern, Bergg stated. There isn’t a stop-sale for automobiles already on seller heaps, that means sellers can proceed to promote automobiles they have already got available.

The halt in manufacturing and shipments was first reported Tuesday by Motor Authority.

The F-150 Lightning is being carefully watched by traders, because it’s the primary mainstream electrical pickup truck available on the market and a significant launch for Ford.

Automakers routinely have points and recollects related to automobiles however issues with batteries are of specific concern and curiosity, because the automakers make investments billions of {dollars} within the automobiles.

One of the crucial notable points has been with Normal Motors’ Chevrolet Bolt EVs. The Detroit automaker two years in the past needed to recall all the automobiles constructed up till then to deal with fireplace points brought on by “uncommon manufacturing defects” at services of its battery provider LG Battery Answer.

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