Ford raises costs for the F-150 Lightning and resumes manufacturing

Ford F-150 Lightning vans manufactured on the Rouge Electrical Automobile Middle in Dearborn, Michigan.

Courtesy: Ford Motor Firm

Ford Motor Firm mentioned it has resumed full manufacturing of its F-150 Lightning electrical pickup truck after a battery hearth in February — and that it’s elevating costs once more on the favored truck.

Ford mentioned the standard-range Lightning Professional, a lower-cost model of the truck optimized for fleet use, will now begin at lower than $60,000, not together with transport. That’s practically 50% increased than the unique beginning worth for the Lightning Professional at launch final spring. Ford famous that the 2023 Lightning Professional has bought out to retail clients; The corporate mentioned order banks for fleet clients will reopen in April.

Ford additionally raised the value of the mid-level Lariat with the usual vary battery from about $74,500 to simply beneath $76,000. The beginning worth for the Lightning within the higher-end Platinum tier has additionally elevated, from round $96,900 to simply over $98,000.

The information of the value hike and Lightning manufacturing resuming was first reported by Auto Information.

Ford has raised the costs of the Lightning a number of instances because it first introduced pricing for the truck in 2021. The usual Professional model was initially set to start out at slightly below $40,000, however prices are shortly rising for vital uncooked supplies like lithium, cobalt and nickel— And unexpectedly excessive demand for the electrical pickup – led Ford to extend costs a number of instances in 2022.

Ford halted manufacturing and shipments of the Lightning in February after a just-built truck awaiting high quality inspection caught hearth on one in every of Ford’s autos. The corporate later recognized a doable battery cell defect and recalled 18 Lightnings that will have had the identical problem.

No different fires had been reported, and Ford mentioned on the time it was not conscious of any accidents or accidents associated to the defect.

A Ford spokesperson informed CNBC that Lightning shipments may also resume this week.