Ford Motor mentioned that it has resumed full manufacturing of its electrical F-150 Lightning pickup following a February battery hearth — and that it is as soon as once more elevating costs 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 just below $60,000, not together with delivery. That is roughly 50% larger than the Lightning Professional’s authentic beginning value at launch final spring. Ford famous that the 2023 Lightning Professional is offered out for retail prospects; order banks for fleet prospects will reopen in April, the corporate mentioned.
Ford additionally raised the value of the mid-level Lariat trim with standard-range battery from about $74,500 to simply underneath $76,000. The beginning value for a Lightning within the top-line Platinum trim additionally elevated, from about $96,900 to simply over $98,000.
Information of the value will increase and the resumption of Lightning manufacturing was first reported by Automotive Information.
Ford has raised Lightning costs a number of instances because it first introduced the truck’s pricing in 2021. The usual-range Professional model was initially set to begin at just below $40,000, however fast-rising prices of crucial uncooked supplies similar to 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 a top quality examine caught hearth in a Ford holding lot. The corporate subsequently recognized a possible battery cell defect and recalled 18 Lightnings which will have had the identical situation.
No different fires had been reported, and Ford mentioned on the time that it was unaware of any accidents or accidents associated to the defect.
Shipments of the Lightning can even resume this week, a Ford spokesperson advised CNBC.