Ford needs EV batteries more than chips as electric F-150 reservations hit 200,000 units, CEO says
needs batteries for its electric vehicles more than semiconductor chips, CEO Jim Farley told CNBC's Jim Cramer on Thursday.electric version of the F-150
after they hit 200,000 units, which is more than double Ford's annual production capacity for the vehicle. The electric F-150 Lightning is scheduled to go on sale in the spring.during a webcastFarley said the automaker is "completely oversubscribed with our battery electric vehicles," specifically the F-150 Lightning.
There's worry by some Wall Street analysts that demand for EVs will exceed the expected supply of critical materials such as lithium, creating a problem for automakers to produce the vehicles.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ford invests $900 mln to modernise Thai auto plantsFord Motor Co is investing $900 million to upgrade factories in Thailand that build its Ranger pickup truck and Everest SUV, its largest-ever investment in the country.
Read more »
Ford partners with Salesforce to expand software businessFord Motor Co said Tuesday it plans to launch a new subscription software service aimed at small businesses, in collaboration with enterprise software company Salesforce.com Inc .
Read more »
Evaluating a retiring pandemic CEODoug Parker has had enough. The American Airlines chief executive is stepping down and handing the controls to current President Robert Isom. After two decades guiding airlines through one crisis after another, he can hardly be blamed for bailing out. But he’s leaving American’s shareholders in the lurch.
Read more »
Better CEO Vishal Garg 'sorry' after mass firing over Zoom'I own the decision to do the layoffs, but in communicating it, I blundered the execution. In doing so, I embarrassed you,' Vishal Garg wrote in a letter.
Read more »
American Airlines taps president Isom as next CEOAmerican Airlines Group Inc CEO Doug Parker will hand over the reins of the No. 1 U.S. airline to president Robert Isom on March 31, the company said on Tuesday, sending its shares up 2% in morning trade.
Read more »
Kohl's CEO Michelle Gass says company is working to understand proposal from activist groupKohl's CEO Michelle Gass said the retailer is doing due diligence after receiving a letter from activist group Engine Capital.
Read more »