Months of high interest rates and higher payments slowed consumer enthusiasm for new vehicles in October, but remained strong enough for automakers to post gains. Check out what companies enjoyed the month the most at Headlight.News.
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Ford Cuts Shift as F-150 Lightning Sales “Tank”
Ford dropped a shift at the Dearborn, Michigan plant assembling its all-electric F-150 Lightning. The automaker blamed “multiple constraints,” for the move, but the UAW says the production cut comes as sales “have tanked.” If anything, Ford had expected a growing surge in demand as it prepares a major expansion of capacity at its Rouge Electric Vehicle Center.