F - Ford Stock Was Flat as Mustang Mach-E Production Reached a Milestone
Ford ( NYSE:F )
On Wednesday, Ford ( NYSE:F ) announced that the business has completed the manufacture of its 150,000th Mustang Mach-E since the model first began production over two years ago. As the company scales up production of electric vehicles, almost all of Mustang Mach-growth E’s to date have come from customers replacing an internal combustion vehicle with an electric vehicle. This demonstrates that Ford stock is developing electric vehicles that meet the requirements of a diverse range of customers.
Ford is now the second best-selling electric vehicle (EV) brand, behind current market leader Tesla, because of strong demand for the Mach-E. (NASDAQ:TSLA). By October 2022, there have been over 31,000 sales of the Mustang Mach-E in the United States alone this year.
“When we added the pony to this Mustang, we knew some people would question our decision. What we weren’t fully aware of at the time was exactly how widespread the use of this automobile would become, “said Darren Palmer, vice president, Electric Vehicle Programs, Ford Model e. “It is quite exciting for me to see more and more Mustang Mach-E cars out on the road and to interact with their owners,” said the sales representative.
Deborah Manzano, Ford stock head of manufacturing, said the facility was “buzzing with activity.” “As a result of the installation of a battery line, a chassis line, and an extra assembly line, we have practically maximized the amount...
Click here to read the full article on PressReach.com .Subscribe to the PressReach RSS feeds:
- Featured News RSS feed
- Investing News RSS feed
- Daily Press Releases RSS feed
- Trading Tips RSS feed
- Investing Videos RSS feed
Follow PressReach on Twitter
Follow PressReach on TikTok
Follow PressReach on Instagram
Subscribe to us on Youtube