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Ford expects to triple electric Mustang output by 2023 -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: This is the Ford logo pictured at Genk, Belgium’s Ford Motor Co plant on December 17, 2014. REUTERS/Francois Lenoir

(Reuters) – Ford Motor Co (NYSE:) Co plans to triple its production of the all-electric Mustang Mach-E SUV by 2023 to more than 200,000 units annually in North America and Europe. This was stated by Jim Farley, Chief Executive Officer.

We are going to do our best to supply Mustang Mach-Es as fast and efficiently as possible to fulfill the enormous demand. Farley has also created https://

Ford, in a highly competitive market for electric vehicles, is battling General Motors Co (NYSE) and Stellantis (European carmaker), while chasing Tesla (NASDAQ) Inc. and Volkswagen (DE)

Ford’s top executive announced last week that it was targeting EV production of 600,000. This figure would be achieved by adding its Lightning pickup truck and E-Transit van.

Ford North America chief operating officer Lisa Drake said the optimism of the company was due to increasing demand for F-150 Lightning pickups, which has retail reservations close to 200,000.

Automotive News had earlier reported http:// Friday that Ford delayed the production of electric Explorer and Lincoln Aviator crossovers for approximately one-and-a-half years in order to improve the manufacturing capacity of the Mustang Mach-E SUVs.

Ford stated to its suppliers, that the production of new EVs would begin in December 2024. According to the report.

Ford has not yet responded to our request for comment about the Automotive News report.

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