Shares of Ford Motor Co. fell 1.1% in premarket trading Monday, after the automaker said it was cutting prices on its F-150 Lightning electric trucks by as...
Shares of Ford Motor Co. F fell 1.1% in premarket trading Monday, after the automaker said it was cutting prices on its F-150 Lightning electric trucks by as much as 17% for some models. Ford said it was making the cuts as it takes advantage of “increased plant capacity, continued work on scaling production and cost and improving battery raw material costs.” The manufacturer’s suggested retail price for the lowest price Pro model dropped 16.6% to $49,995 from $59,974, for the XLT 311A fell 14.
1% in premarket trading Monday, after the automaker said it was cutting prices on its F-150 Lightning electric trucks by as much as 17% for some models. Ford said it was making the cuts as it takes advantage of “increased plant capacity, continued work on scaling production and cost and improving battery raw material costs.” The manufacturer’s suggested retail price for the lowest price Pro model dropped 16.6% to $49,995 from $59,974, for the XLT 311A fell 14.
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