Ford Motor Co. halted the production and shipment of its F-150 Lightning electric pickup after it discovered a potential battery failure during pre-delivery check up inspections. The news of the suspension in deliveries of the automaker’s electric vehicle (EV) version of its classic pickup truck was first announced on Feb. 14 by Motor Authority. “We are…
Ford Shares Drop After Warning Inflation Is a $1 Billion Problem
Auto manufacturer Ford saw it stock shares crash after the company announced a cost increase in the current quarter due to inflation. “Based on recent negotiations, inflation-related supplier costs during the third quarter will run about $1.0 billion higher than originally expected,” Ford said in a news release on Sept 19. In addition, the company warned that…
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