Ford hikes F-150 Lightning prices, resumes production

Ford F-150 Lightning vehicles made at the Rouge Electrical Car or truck Middle in Dearborn Michigan.

Courtesy: Ford Motor Co.

Ford Motor stated that it has resumed total output of its electrical F-150 Lightning pickup adhering to a February battery fire — and that it can be the moment all over again increasing charges on the well-known truck.

Ford claimed the normal-selection Lightning Professional, a decreased-expense variation of the truck optimized for fleet use, will now start off at just less than $60,000, not which include transport. That’s around 50% bigger than the Lightning Pro’s unique starting price tag at launch past spring. Ford famous that the 2023 Lightning Professional is offered out for retail clients order financial institutions for fleet prospects will reopen in April, the organization said.

relevant investing information


Ford also elevated the price of the mid-level Lariat trim with typical-variety battery from about $74,500 to just under $76,000. The starting off price tag for a Lightning in the top-line Platinum trim also increased, from about $96,900 to just about $98,000.

News of the price tag raises and the resumption of Lightning output was initial claimed by Automotive Information.

Ford has elevated Lightning selling prices various moments considering that it very first announced the truck’s pricing in 2021. The common-variety Pro variation was originally established to begin at just beneath $40,000, but fast-mounting expenditures of essential raw elements this sort of as lithium, cobalt and nickel — and unexpectedly substantial demand from customers for the electric powered pickup — led Ford to maximize selling prices quite a few times in 2022.

Ford halted creation and shipments of the Lightning in February after a just-designed truck awaiting a good quality check out caught fireplace in a Ford holding ton. The corporation subsequently identified a opportunity battery cell defect and recalled 18 Lightnings that might have had the similar problem.

No other fires were claimed, and Ford explained at the time that it was unaware of any mishaps or accidents connected to the defect.

Shipments of the Lightning will also resume this 7 days, a Ford spokesperson advised CNBC.