In this article F Follow your favorite stocks CREATE FREE ACCOUNT2024 Ford F-150 PowerBoost Platinum hybrid FordDETROIT — Ford Motor plans to double production of a hybrid version of its F-150 pickup truck as the company grapples with slower-than-expected sales of its all-electric vehicles.
Ford expects to increase sales of the V-6 hybrid model during the 2024 model year to roughly 20% in the U.S.
The automaker declined to release specific production figures, but it likely equates to tens of thousands more of the hybrid vehicles.
2024 Ford F-150 Powerboost Platinum hybrid Ford"We are balancing growth, profitability and returns," Farley said during an earnings call.
"I certainly think that hybrid, our PowerBoost hybrid, help folks transition into full electric," Emmert told CNBC.
Persons:
Ford, Jim Farley, Farley, Kumar Galhotra, Ford Ford, John Emmert, Emmert
Organizations:
DETROIT, Ford Motor, Ford, U.S, United Auto Workers, General Motors, UAW, Detroit, Toyota Motor, CNBC
Locations:
North America