Ford says new generation F-150 pickup trucks to go on sale in November
Reuters
Published Sep 17, 2020 08:38AM ET
Updated Sep 17, 2020 10:56AM ET
By Joseph White
DEARBORN, Mich. (Reuters) - Ford Motor Co (N:F) said on Thursday it has begun production of the new generation F-150 pickup truck at its Dearborn, Michigan, facility, and expects the redesigned model to go on sale in November.
The new F-150 launch is “on time and on track,” Ford's incoming Chief Executive Jim Farley said during an event Thursday at Ford’s Dearborn Truck plant.
Ford shares were up 2.3% in early trading.
The F-150 is Ford's top selling vehicle and, along with other large pickups and commercial vans, generates the bulk of the company's global profit.
Ford also confirmed plans to build an electric version of the F-150, which is expected to come to market by mid-2022.
Ford executives said the battery-electric version of the top selling truck will have a lifetime total cost of ownership that is roughly half that of the current gasoline-powered model. It also will include a large front trunk in place of an engine.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.