Company Of The Day: Ford

by Trefis Team
-4.57%
Downside
15.70
Market
14.98
Trefis
F
Ford
Rate   |   votes   |   Share

What?

Ford (NYSE:F) has reportedly ramped up its production target for its F-150 Lightning electric pickup truck which is expected to go on sale next year. Ford is targeting over 80,000 trucks in 2024, up from its prior plan of producing over 40,000 trucks, per a report from Reuters.

Why?

Ford is reportedly seeing stronger than expected demand for the electric pickup. The company previously said that it had about 120,000 reservations for the truck.

So What?

The recent reports indicate that customers might be warming up to the trend of electrification in pickup trucks, which are one of Ford’s most profitable product lines. Ford stock gained about 1.3% in Monday’s trading.

See Our Complete Analysis For Ford

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market since 2016

See all Trefis Price Estimates and Download Trefis Data here

What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams

Rate   |   votes   |   Share

Comments

Name (Required)
Email (Required, but never displayed)
Be the first to comment!