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Ford hikes F-150 Lightning costs, resumes manufacturing

Ford F-150 Lightning vans manufactured on the Rouge Electrical Car Heart in Dearborn Michigan.

Courtesy: Ford Motor Co.

Ford Motor stated that it has resumed full manufacturing of its electrical F-150 Lightning pickup following a February battery hearth — and that it is as soon as once more elevating costs on the favored truck.

Ford stated the standard-range Lightning Professional, a lower-cost model of the truck optimized for fleet use, will now begin at slightly below $60,000, not together with delivery. That is roughly 50% increased than the Lightning Professional’s unique beginning worth at launch final spring. Ford famous that the 2023 Lightning Professional was offered out to retail clients; order banks for fleet clients will reopen in April, the corporate stated.

Ford additionally raised the worth of the mid-level Lariat trim with a standard-range battery from about $74,500 to simply underneath $76,000. The beginning worth for a Lightning within the top-line Platinum trim additionally elevated, from about $96,900 to simply over $98,000.

Information of the worth enhance and the resumption of Lightning manufacturing was first reported by Automotive Information.

Ford has raised Lightning costs a number of instances because it first introduced the truck’s pricing in 2021. The usual-range Professional model was initially set to begin at slightly below $40,000, however fast-rising prices of crucial uncooked supplies comparable to lithium, cobalt and nickel — and unexpectedly excessive demand for the electrical pickup — led Ford to extend costs a number of instances in 2022.

Ford halted manufacturing and shipments of the Lightning in February after a just-built truck awaiting a high quality examine caught hearth in a Ford holding lot. The corporate subsequently recognized a possible battery cell defect and recalled 18 Lightnings which will have had the identical subject.

No different fires had been reported, and Ford stated on the time that he was unaware of any accidents or accidents associated to the defect.

Shipments of the Lightning can even resume this week, a Ford spokesperson informed CNBC.

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