[1/2] A Ford Ranger Raptor is seen at a Ford event in Michigan, U.S., May 5, 2023.
REUTERS/Joe WhiteDETROIT, May 10 (Reuters) - Ford Motor Co (F.N) on Wednesday unveiled the latest addition to its muscle truck franchise - a Ranger Raptor midsize pickup with a 405-horsepower engine and a suspension designed for racing across the desert, made possible in part by Ford's electric vehicles.
But a Ranger Raptor will start at $56,960, Ford said.
Ford is also ramping up production of its Mustang Mach-E, Ford F-150 Lightning and Transit electric vehicles - generating credits that allow it to sell more high-performance, combustion vehicles such as the Ranger Raptor, the Bronco Raptor and the F-150 Raptor.
"We're doing it through a portfolio of products" that includes electric vehicles and a hybrid Maverick pickup, Baumbick said.