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Ford caps F-150 Lightning orders at 200,000

by Mike Robinson

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© Reuters. A Ford all-electric F-150 Lightning truck prototype is seen on the Rouge Electrical Car Heart in Dearborn, Michigan, U.S. September 16, 2021 REUTERS/Rebecca Prepare dinner/File Photograph

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(Reuters) – Ford Motor (NYSE:) has stopped taking reservations for the upcoming F-150 Lightning electrical pickup, Chief Govt Jim Farley instructed CNBC host Jim Cramer on Thursday.

Farley mentioned F-150 Lightning orders had been capped at 200,000: “We needed to cease taking reservations as a result of we had so many.”

He mentioned Ford initially put in manufacturing capability for 70,000-80,000 Lightnings a yr, and now goals to double that over subsequent two years.

“We do not need to construct these automobiles in tents,” Farley joked, in a reference to Tesla (NASDAQ:) CEO Elon Musk’s choice to develop manufacturing a number of years in the past by including a tent to the corporate’s Fremont plant.

“We need to construct them on the Rouge” manufacturing facility close to Ford’s headquarters in Dearborn, Michigan.

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