Ford Caps F-150 Lightning Orders At 200,000: CEO Farley
Reuters
1 min read
Dec 25, 2021, 06:32 PM
Ford Motor has stopped taking reservations for the upcoming F-150 Lightning electric pickup, Chief Executive Jim Farley told CNBC host Jim Cramer on Thursday.
Farley said F-150 Lightning orders were capped at 200,000: "We had to stop taking reservations because we had so many."
He said Ford originally installed production capacity for 70,000-80,000 Lightnings a year, and now aims to double that over next two years.
"We don't want to build these vehicles in tents," Farley joked, in a reference to Tesla CEO Elon Musk's decision to expand production several years ago by adding a tent to the company's Fremont plant.
"We want to build them at the Rouge" factory near Ford's headquarters in Dearborn, Michigan.
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