Photo by Andrew Hawkins / The Verge
Ford is restarting production of its F-150 Lightning electric truck after a six-week shutdown for factory upgrades. The automaker says the increased capacity will allow it to triple production to a targeted annual run rate of 150,000 trucks by this fall.
The news comes after a somewhat dour earnings report in which the Blue Oval reported losing $1.1 billion before interest and taxes on its EV business, more than twice as much as it lost over the same period last year. It also follows news that Ford is slashing prices on the F-150 Lightning by as much as $10,000 as EV competition heats up and inventory rates at dealerships skyrocket.
A targeted annual run rate of 150,000 trucks by this fall
The Rouge Electric Vehicle Center, located…
