Ford cut production of its F-150 Lightning electric pickup truck on Friday, but raised its production targets for the Ranger pickup truck and Bronco SUV. While the automaker has yet to provide a new estimate for Lightning production, the truck’s plant will be scaled back from Shift Two to One starting April 1. The 1,400 second shift workers will be transferred to other Ford facilities, adding the Michigan company that makes the Ranger and Bronco. More information
New vehicle inventories declined, while used vehicle inventories increased in the month of December 2023 as demands continued to vary in reaction to post-pandemic market conditions. At its highest level, new vehicle stock rose to 2. 73 million units in mid-December from 2. 56 million. earlier this month, according to Cox Automotive. Learn more
On January 19, the White House issued a statement announcing that the U.S. Department of Transportation and Energy will be investing $325 million in three programs to promote electric vehicle (EV) technologies, repair chargers, and reduce battery costs. Furthermore, the new funding is part of the $5 billion National Electric Vehicle Infrastructure (NEVI) formula program, funded by a $1 trillion 2021 infrastructure law. Read More
Jeep has recently confirmed the launch of its first global EV, the Wagoneer S, which is expected to go on sale later this fall. Although it shares a nameplate with the brand’s larger gas-powered Wagoneer and Grand Wagoneer, the company refers to the Wagoneer S as a mid-size model. Read More
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