Advertisement
UK markets close in 7 hours 16 minutes
  • FTSE 100

    8,057.81
    +33.94 (+0.42%)
     
  • FTSE 250

    19,688.79
    +89.40 (+0.46%)
     
  • AIM

    752.03
    +2.85 (+0.38%)
     
  • GBP/EUR

    1.1575
    -0.0014 (-0.12%)
     
  • GBP/USD

    1.2360
    +0.0009 (+0.08%)
     
  • Bitcoin GBP

    53,414.29
    +8.39 (+0.02%)
     
  • CMC Crypto 200

    1,393.12
    -21.64 (-1.53%)
     
  • S&P 500

    5,010.60
    +43.37 (+0.87%)
     
  • DOW

    38,239.98
    +253.58 (+0.67%)
     
  • CRUDE OIL

    82.66
    +0.76 (+0.93%)
     
  • GOLD FUTURES

    2,319.70
    -26.70 (-1.14%)
     
  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     
  • HANG SENG

    16,822.01
    +310.32 (+1.88%)
     
  • DAX

    17,977.19
    +116.39 (+0.65%)
     
  • CAC 40

    8,054.77
    +14.41 (+0.18%)
     

Ford delays shipping of certain gas-powered F-150 & Lightning EVs

Ford (F) is delaying shipments of certain 2024 F-150 Lightning EV pickup and delayed shipping its 2024 F-150 gas-powered truck due to quality check issues.

Yahoo Finance Reporter Pras Subramanian joins the Live show to break down the latest developments for Ford and what it could mean for the company moving forward.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor's note: This article was written by Nicholas Jacobino

Video transcript

- In other auto news, Ford is having to delay certain of its shipments.

PRAS SUBRAMANIAN: Yeah, so basically with the F-150, the very popular 2024 F-150 models here. So the Lightning right now, there was reports of a stop sale because of a quality issue. Ford got back to us, said that they are ramping up those deliveries. But they're still holding back. They didn't say-- they didn't deny the stop sale, right? So something's going on there with the quality issue.

ADVERTISEMENT

The gas-powered powered truck also delayed. Automotive news talked about hundreds, if not, thousands of vehicles that are stuck in lots in Detroit for who knows what reason. They say a quality control issue as well. Now Ford says they're delivering some of the lower trim XL and STX trim models out to customers now. But the higher trim levels haven't gone out.

Again, automotive news were talking about how a customer, a commercial customer had almost 100 trucks on order. Those have been delayed. And they have not heard back on when they are going to see them. So this is a problem for Ford in terms of this is their cash cow, F-150, the gas-powered truck. It's a big deal for them as we talk about Q1 being impacted here with the new model.