Connect with us

News

Ford Cuts Production Of F-150 Lightning Pickup On Weaker-Than-Expected Electric Vehicle Sales Growth

Published

on

ford

Ford is reducing F-150 Lightning electric pickup production due to lower-than-expected growth in electric car sales.

While EV sales are increasing in the United States, the rate falls far short of the industry’s optimistic timeline, and many consumers are switching to hybrid vehicles instead.

The company sold just over 24,000 Lightning last year, a 55% increase from 2022. However, dealers are reporting sluggish sales and increased inventories for the electric truck, which starts at slightly under $50,000.

Ford Cuts Production Of F-150 Lightning Pickup On Weaker-Than-Expected Electric Vehicle Sales Growth

According to Motorintelligence.com, total electric car sales increased 47% to a record 1.19 million units last year. The EV market share increased from 5.8% in 2022 to 7.6% last year. However, EV sales growth slowed near the conclusion of the year. In December, they jumped 34%.

The company claimed that the change to lower F-150 Lightning manufacturing will affect approximately 1,400 workers, with the Rouge Electric Vehicle Centre shifting to a single shift beginning April 1. Approximately 700 people will be transferred to Ford’s Michigan Assembly Plant, while others will be assigned positions in the Rouge Complex or other Southeast Michigan facilities. Some employees will likely take advantage of the Special Retirement Incentive Programme outlined in the 2023 Ford-UAW agreement.

Ford Cuts Production Of F-150 Lightning Pickup On Weaker-Than-Expected Electric Vehicle Sales Growth

“We are taking advantage of our manufacturing flexibility to offer customers choices while balancing our growth and profitability,” Ford CEO Jim Farley said in a statement Friday.

Ford stated that depending on how many people apply for the retirement programme, a few dozen employees at component plants supporting F-150 Lightning production may be affected. The corporation said it would arrange placements for impacted employees in the Detroit area.

Ford also announced Friday that it is adding nearly 900 additional positions and a third crew to its Michigan assembly facility to meet demand for the Bronco SUV and Ranger midsize pickup truck.

ford

Ford Cuts Production Of F-150 Lightning Pickup On Weaker-Than-Expected Electric Vehicle Sales Growth

The F-150 Lightning pickup is Ford’s upcoming all-electric truck, set to redefine the traditional pickup landscape. Boasting impressive specs, such as a targeted 300-mile range and a starting price under $40,000, it aims to appeal to both environmentally conscious consumers and truck enthusiasts alike.

With lightning-fast acceleration and a spacious interior, the F-150 Lightning promises to deliver on both performance and practicality. Scheduled for release in spring 2022, it’s poised to make a significant impact in the electric vehicle market.

SOURCE – (AP)

Kiara Grace is a staff writer at VORNews, a reputable online publication. Her writing focuses on technology trends, particularly in the realm of consumer electronics and software. With a keen eye for detail and a knack for breaking down complex topics, Kiara delivers insightful analyses that resonate with tech enthusiasts and casual readers alike. Her articles strike a balance between in-depth coverage and accessibility, making them a go-to resource for anyone seeking to stay informed about the latest innovations shaping our digital world.

News

California Representative Adam Schiff urges Biden to relinquish his position.

Published

on

Adam Schiff
Justin Sullivan/Getty Images/Getty Images North America

(VOR News) – According to a statement that was obtained by National Public Radio (NPR), Representative Adam Schiff, a Democrat from California, is urging that Vice President Joe Biden withdraw from his candidacy for re-election.

Adam Schiff’s request was received by NPR. When the comment was first reported, it was done so by The Los Angeles Times.

Schiff, who is currently running for Senate in California, issued a statement in which he encouraged Vice President Joe Biden to “pass the torch” and “secure his legacy of leadership” by allowing Democrats to have the opportunity to convincingly defeat Donald Trump.

Adam Schiff is currently running for Senate in California.

A statement by Adam Schiff to the media noted that “Joe Biden has been one of the most consequential presidents in our nation’s history, and his lifetime of service as a Senator, Vice President, and now as President has made our country a better place.”

Adam Schiff noted in his statement to the media. On the other hand, our nation is present at a critical crossroads at the moment.

If Donald Trump were to win a second term as president, the entire framework of our democracy would be thrown into disarray, and I have serious concerns about whether or not the President would be able to defeat Donald Trump in the upcoming election in November.

To this day, Adam Schiff is the most prominent Democrat who has advocated for Biden to resign from the campaign for vice president nomination.

The Biden campaign made reference to the events that Biden has been holding this week in response to a request for a statement from the campaign.

As part of his efforts to promote his candidacy, he is currently taking part in a meeting in Las Vegas with members of the Congressional Black and Hispanic caucuses.

Vice President Biden has declared on several occasions that he will not be withdrawing from the campaign and that he is certain that he is the most competent candidate to shepherd the party through the election. He has also stated that he is confident that he will serve as the party’s nominee.

Further, Adam Schiff stated that President Biden is fully responsible for making the decision, and that he will support the party’s nominee, regardless of who that may be.

In addition, Adam Schiff said he would not support any other candidate.

According to statements made by Vice President Biden over the course of the past few days, he has acknowledged that members of his party are continuing to question him.

“The story goes that [former President Harry] Truman said, if you want a friend in Washington, get a dog,” Vice President Joe Biden quipped during the annual convention of the National Association for the Advancement of Colored People (NAACP) in Las Vegas.

The NAACP is an organization that works to provide opportunities for people of color. “After the last couple of weeks, I know what he means.”

Schiff’s comment comes at a time when there is a renewed push from anxious Democrats for Biden to resign. Adam Schiff’s statement comes at a time when all of this is happening.

Due to the fact that President Trump was the target of an attempted assassination during a rally that took place on Saturday in Pennsylvania, the calls came to a temporary halt.

As a result of the seeming energy and confidence that Republicans displayed during the Republican National Convention, Democrats are growing increasingly anxious. This is despite the fact that that is the case. In addition, recent polls have demonstrated that support for Biden is exhibiting a downward trend.

In a virtual roll call vote that may take place several weeks before the Democratic National Committee’s convention, which will begin on August 19 in Chicago, the DNC is getting ready to officially name Biden the party’s nominee. The convention will take place in Chicago.

This preparation has resulted in an increase in the level of frustration that has been experienced over the past several days.

SOURCE: NPR

SEE ALSO:

Elon Musk Says He’s Moving SpaceX And X Out Of California

June UK Inflation Remains at the 2% Target, with a Potential rate cut on the “Knife Edge.”

Tim Robbins Condemns Drawing Parallels Between His ‘Bob Roberts’ Film And Trump Assassination Attempt

Continue Reading

News

Elon Musk Says He’s Moving SpaceX And X Out Of California

Published

on

spacex musk

Elon Musk has announced that he is relocating his firms out of California.

In two posts on X Tuesday, the billionaire announced that SpaceX’s headquarters will be relocated from Hawthorne, California, to Starbase, Texas, a business town under construction in the state’s south. He also said that social media platform X would be moving from San Francisco to Austin, Texas.

musk

Elon Musk | CNN

Elon Musk Says He’s Moving SpaceX And X Out Of California

Musk said the SAFETY Act, a bill signed by California Gov. Gavin Newsom that prohibits school districts from mandating instructors to notify parents if a child wishes to be labeled as a different gender, was “the final straw.”

“Because of this law and the many others that preceded it, attacking both families and companies, SpaceX will now move its HQ from Hawthorne, California, to Starbase, Texas,” Musk told X.

In 2022, one of Elon’s daughters asked a California court to accept her new name and gender, claiming she no longer wanted to be related to her famous and affluent father “in any way, shape or form.” Musk has faced criticism for several of his statements on X addressing gender identification issues.

In a follow-up tweet, Elonstated that he was tired of the violent criminality surrounding the building where X is located in San Francisco.

Elon Musk Says He’s Moving SpaceX And X Out Of California

Elon has been drawn to Texas for several years. SpaceX moved to relocate its corporate incorporation from Delaware to Texas in February following a Delaware state judge’s ruling that Elon’s 2018 Tesla pay package was exorbitant, siding with a shareholder who challenged it.

Elon announced 2021 that Tesla would relocate its headquarters from the Bay Area to Austin, Texas. In December 2020,Elon announced that he had relocated to Texas.

SOURCE | CNN

Continue Reading

News

European Union Court Says TikTok Owner Can’t Avoid Bloc’s Law Cracking Down On Digital Giants

Published

on

tiktok
Tiktok | AP

LONDON —ByteDance, the owner of TikTok, cannot evade the bloc’s assault on digital giants, according to a European Union court decision issued Wednesday. The video sharing platform falls under new legislation that also applies to Apple, Google, and Microsoft.

The EU’s General Court rejected ByteDance’s legal challenge to being classified as an online “gatekeeper” subject to additional requirements under the Digital Markets Act of the 27-nation union.

tiktok

Tiktok | PixaBay Image

European Union Court Says TikTok Owner Can’t Avoid Bloc’s Law Cracking Down On Digital Giants

The guideline, also known as the DMA, went into effect this year to counter Big Tech corporations’ dominance and make online competition more equitable by providing consumers with more choices.

TikTok has contended that it was not a gatekeeper but a new social media contender, taking on established giants such as Facebook and Instagram owner Meta.

However, the judges found that since 2018, TikTok had “succeeded in increasing its number of users very rapidly and exponentially” and “rapidly consolidated its position, and even strengthened that position over the following years.”

“We are disappointed with this decision,” the business wrote in a prepared statement. “TikTok is a challenger platform that provides important competition to incumbent players.” TikTok stated that it will assess its future steps and has already implemented efforts to comply with the DMA.

tiktok

Tiktok | AP

European Union Court Says TikTok Owner Can’t Avoid Bloc’s Law Cracking Down On Digital Giants

The Digital Markets Act went into effect in March. It is a list of dos and don’ts for big tech “gatekeeper” businesses that aims to offer users more options but threatens significant penalties if they do not comply.

The verdict can be appealed to the EU Court of Justice, the bloc’s highest court, but only on legal grounds.

SOURCE | AP

Continue Reading

Trending