Ford Motor (F.US) announced a temporary shutdown of its all-electric F-150 Lightning pickup due to slowing demand and high inventory.
Market IntelThursday, Oct 31, 2024 6:21 pm ET
1min readFord Motor (F.US) announced it will temporarily halt production of its all-electric F-150 Lightning pickup due to slowing demand and high inventory, sending shares lower. However, the market may have overreacted as investors already knew about the slowdown and should have focused more on cost issues. The production pause will affect the Rouge EV plant, which will not operate on weekends starting November 15 (Friday) and is scheduled to resume production on January 6. Considering the holiday factor, the production pause will result in about six weeks of lost output.
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