Fords E-Future

[juanmedina]

Originally Posted by dwf137

got it, i didn't see his comment specific to uber drivers. I don't know why anyone would get a tesla for ubering...

Because Uber gives them fuel surcharge, ev incentive and it seems that you can do Uber Comfort and other higher tier Uber rides. Tesla seem very popular for Uber driver, they are renting them, leasing and buying them. If I had to seat in my car all day I would choose a Tesla. I can relax, play games, watch a movie while I am waiting and then use autopilot to make my day more relaxing and easier in a quiet and comfortable cabin, sound like win to me.

My father was telling me about some guy in Colombia that he knew and was a taxi driver that he recently died at a youngish age. He was telling that taxi drivers develop chronic lung disease after years of driving.

* Registered users of the site do not see these ads.

[FaastLegacy]

The best way to drive Uber is to find the cheapest car you can that applies to the most service levels possible. Nobody is getting rich driving Uber and certainly no one that's driving a Tesla.

[dwf137]

anyone driving a tesla for uber probably just got laid off.

[SubaDuba420]

Ford boosting Mustang Mach-E production, cutting price by up to $5,900
Ford answers Tesla discounts, reverses price hikes from 2022 — but not completely
https://www.autoblog.com/2023/01/30/...che-price-cut/

Ford says it will drop the price of the Mustang Mach-E electric crossover while simultaneously ramping up production in 2023. Customers can expect to see price drops as steep as nearly $6,000 for upper-trim models in what amounts to a fairly significant correction to the repeated, large price hikes of 2022. And if you've already ordered a 2023, don't worry; Ford says you'll be taken care of too.

The price drops vary from just $600 on the Select eAWD Standard Range model to $5,900 on the GT Extended Range model — the most expensive in the lineup. The full breakdown is listed below (with the destination charge of $1,500 included). We'll note that the 2021 Mach-E Select started at $43,995, which is still thousands cheaper than the most affordable 2023 model.

Select RWD Standard Range: $47,495
Select eAWD Standard Range: $50,495
California Route 1 Extended Range: $59,495
Premium RWD Extended Range: $52,495
Premium AWD Extended Range: $55,495
GT Extended Range: $65,495

With these adjustments, all models with the exception of the California Route 1 and GT Extended Range will fall below the $55,000 threshold to keep them eligible for federal EV purchase credits under the Inflation Reduction Act. And as we noted above, you're not getting screwed if you've already bought a 2023 Mach-E. Ford says existing Mach-E customers awaiting delivery will automatically receive the adjusted price; those who purchased and took delivery on Jan. 1 or later are also eligible for reimbursement, which Ford will handle on a case-by-case basis.

"We are not going to cede ground to anyone. We are producing more EVs to reduce customer wait times, offering competitive pricing and working to create an ownership experience that is second to none," said Marin Gjaja, chief customer officer, Ford Model e. "Our customers are at the center of everything we do – as we continue to build thrilling and exciting electric vehicles, we will continue to push the boundaries to make EVs more accessible for everybody."

Ford delivered 39,458 Mach-Es in 2022 — a 45% increase over 2021. The company delivered just three of its new EVs in 2020, making a direct comparison to pre-pandemic sales figures impossible.

[SubaDuba420]

Ford to build $3.5 billion Michigan EV battery plant Virginia's governor rejected
It will employ 2,500 to build batteries with new LFP chemistry
https://www.autoblog.com/2023/02/13/...rnor-rejected/

Ford will build a new Lithium Ion Phosphate (LFP) battery plant in Marshall, Michigan. The multi-billion-dollar EV battery plant originally slated for construction in the Commonwealth of Virginia was shut out by its newly elected governor, Glenn Youngkin. Virginia's loss — $3.5 billion in initial investment and at least 2,500 high-tech jobs — is Michigan's gain.

The MI facility will come online in 2026 under the same conditions previously stipulated in Virginia, including Ford's announced partnership with China's Contemporary Amperex Technology Co., Limited (CATL) — the component that soured the deal for the Virginia governor. Youngkin called the plant a Chinese "Trojan horse."

"Ford’s $3.5 billion investment creating 2,500 good-paying jobs in Marshall building electric vehicle batteries will build on Michigan’s economic momentum," said Michigan Gov. Gretchen Whitmer. "Today’s generational investment by an American icon will uplift local families, small businesses, and the entire community and help our state continue leading the future of mobility and electrification. Let’s continue bringing the supply chain of electric vehicles, chips, and batteries home while creating thousands of good-paying jobs and revitalizing every region of our state. Since I took office, we’ve secured over 30,000 auto jobs and landed multiple electric vehicle and chip-making factories. We’re on the move, so let’s keep our foot on the accelerator."

While CATL will participate in the new Marshall facility's battery production operations, the plant itself will be Ford's (via a wholly owned subsidiary). LFP offers more power density and capacity alongside cold-weather performance, but costs more than traditional Lithium Ion Phosphate batteries due to the materials required. LFP batteries are also more tolerant of frequent and extreme charge level swings, meaning customers can settle into the habit of fully charging and depleting the batteries in their cars with less of a long-term impact on charging capacity, and LFP batteries are more stable and less prone to catastrophic thermal events.

"Ford’s electric vehicle lineup has generated huge demand. To get as many Ford EVs to customers as possible, we’re the first automaker to commit to build both NCM [lithium, nickel, cobalt and manganese] and LFP batteries in the United States," said Jim Farley, Ford president and CEO. "We’re delivering on our commitments as we scale LFP and NCM batteries and thousands, and soon millions, of customers will begin to reap the benefits of Ford EVs with cutting-edge, durable battery technologies that are growing more affordable over time."

LFP batteries will be offered alongside the existing Li-Ion packs in Ford's current EVs. The F-150 Lightning and Mustang Mach-E will both be offered with LFP packs in order to help ease battery-related production constraints. Prior to the new Marshall facility coming online (slated for 2026), Ford will source those batteries directly from CATL. NCM batteries will continue to be utilized for existing long-range models of the Lightning and Mach-E. Ford expects LFP to represent about 20% of the company's battery production capacity once its planned facilities are fully online.

[SubaDuba420]

SAVE THE PLANET!!! just don't do it here....
The NIMBYs are coming for Ford's new battery plant
Even in its home state, Ford must contend with local protest
https://www.autoblog.com/2023/02/22/...hall-protests/

Ford's announcement of a new battery production facility in the rural inland community of Marshall, Michigan, has been seen by many as a surprise gift to the Rust Belt; a castoff from coastal elites who can afford to care about the political implications of foreign investment. To others, however, it's an unwanted intrusion. Not an invasion by a foreign power, but an encroachment on an isolated, peaceful way of life.

The $3.5 billion EV battery plant was originally slated for construction in the Virginia, but was ultimately was shut out by the commonwealth's newly elected governor, ostensibly over concerns regarding China. Now Ford plans a sprawling 2.5 million-square-foot facility on 1,200 acres of farmland in the community near Battle Creek, an hour and a half west of Detroit. The plant promises to bring 2,500 jobs — "much needed," the mayor says — paying $20-$50 an hour.

But in Michigan's scramble to score on Virginia's turnover, some feel their voices have been drowned out. Does Marshall want a new manufacturing facility? If some are to be believed, the answer is no. There have been meetings in living rooms and even a protest with signs outside Marshall City Hall. Will it matter? Seems unlikely. Ford has already lost one site for its new battery facility and is likely keen to keep a firm grip on this one. Whatever the rationale, everybody's ready to take (or at the very least assign) credit for the new jobs, but nobody wants to watch them being done.

NIMBYism in the face of industrial development is nothing new, but the answer to whether the locals are on board may depend heavily on which Marshall you choose to survey. You see, there are two. Ford's proposed megasite is actually in Marshall Township, not the city of Marshall. And the township appears to be the source of much of the noise — unsurprisingly, since it will take the brunt of the impacts of development. Marshall Township is the six-mile by six-mile area outlined here. That Mike Tyson job in the southeastern corner is the incorporated city of Marshall. Ford's facility would occupy a chunk of the township bordered by Ceresco to the west, M-96 to the north, I-69 to the east and the North Branch Kalamazoo River to the south.

A township, for those unfamiliar with the term, is really little more than a way to identify unincorporated space. In states that don't utilize the system, Marshall Township would merely be a nameless chunk of rural Calhoun County. Why does this matter? Simply put, this is an area where a pro-business, anti-regulatory, anti-union message would typically prevail — the permissive policies that entice corporations like Ford to set up shop in the first place. Municipal ordinances? Get out of here.

So there's irony in the resistance. As a bleeding-heart type, I agree with the protesters' criticisms of the site choice. They say that "brownfields" (unoccupied or abandoned industrial space) should be repurposed before greenspace is converted to industrial use. Yep, I'm on board. They say that areas of denser population would offer better sources of factory labor; I'm inclined to believe that too. So far, everybody's making sense.

Residents along the highway where Ford's megasite will likely be built would certainly prefer to see it erected elsewhere. Nearby enough to attract engineers and managers who might help nudge their property values northward, of course, but far enough away that they're spared the burdens of additional traffic or construction of anything taller than the township's oldest surviving barn.......


Even within the city of Marshall, some have no interest in Ford's investment. They survived previous rounds of industrial "restructuring" and see no reason to invite what could very well end up being another. Marshall, like its equivalents all over the industrial Midwest, isn't the same old factory town of America's industrial heyday. Architectural remnants from the gilded age to the roaring '20s have been preserved wherever possible (Marshall is known for this, in fact), but nostalgia for the "good" old days of belching smokestacks and the din of ceaselessly advancing rail stock is long gone.

Those who remain may not see Marshall as an industrial town, but rather as a time capsule already filled with the best it could ever offer. Some in this community would sooner see others take the risk. Why take a chance on some boondoggle that might only increase the likelihood — and potential pace — of change? While some may call it "progress," in the quieter parts of America, there is no greater enemy.

And new way to save EV power while staying warm...

Ford study shows heated interior panels could save EV range
It's more efficient than relying on the HVAC
https://www.autoblog.com/2023/02/22/...r-panels-hvac/

Temperature is one of the biggest enemies of electric car range. Some of that is keeping the batteries in the prime operating temperature range for best performance, but it's also keeping the people inside in their prime operating temperature. And that requires energy, which in turn takes away from what can be used for traveling. In an effort to find more efficient ways to manage cabin temperatures (specifically warmth), Ford ran an experiment to see which works better, the traditional HVAC system or heated interior panels.

The test was focused on delivery vehicles, using E-Transit vans. The reason being that it can be tricky to keep the cabin warm with frequent door openings. And the company compared regular vans running HVAC and modified vans with nearly every surface imaginable concealing heating pads. And we mean every. The seats, headrests, armrests, door panels, sun visors, lower steering column cowl and even the floor mats. At the end of Ford's testing period, which seems to have taken place across multiple seasons, the heated panels managed to use 13% less energy in keeping the cabin comfortable. Ford says that savings could improve driving range by 5%.

The reason for this, according to Ford, is that anytime the doors open on these delivery vans, much of that warm air is immediately lost, and when your heater is only specifically heating the air, you're sort of back to square one. But by heating the various surfaces in the cabin, they'll mostly remain warm, even with doors opening, so that's less lost energy.

Ford's test is further evidence that having more temperature-controlled surfaces could provide efficiency boosts. Back in January, automotive part supplier ZF revealed its design for heated seatbelts, which it believes could help with keeping climate control energy use down.

Certainly heated interior panels are totally feasible for cars today. Luxury automakers such as BMW and Mercedes have been offering heated armrests in addition to seats and steering wheels for years now. Of course, it's possible that they're a little expensive, hence only being offered in luxury cars so far. But as electric cars aren't especially cheap yet, they could still be popular.

It's also worth noting that this testing was done on vehicles with the idea that they'll be frequently opening doors and losing heat. The gains from these features in passenger cars that aren't constantly losing heat out the doors may be less. But we're still at a point where every mile can count in an EV. It will be interesting to see if more heated panels become offered in the near future.

[SCRAPPYDO]

good read there.
I can certainly see both sides of that argument. Huge battery factories are not exactly pleasing to look at. I guess if I had to pick a side, I would agree with leaving the countryside alone. Why wreck nice greenspace when you could revive old rusted crap piles that is most of Detroit outlying cities.

[SCRAPPYDO]

good read there.
I can certainly see both sides of that argument. Huge battery factories are not exactly pleasing to look at. I guess if I had to pick a side, I would agree with leaving the countryside alone. Why wreck nice greenspace when you could revive old rusted crap piles that is most of Detroit outlying cities.

[Sid03SVT]

With the oil pipeline spill that happened along the Kalamazoo river near Marshall in 2010, I can understand their trepidation when a large corporation comes in with development plans, especially when tax payer money is going to be utilized in the process.

[SubaDuba420]

Ford's new tech will let electric cars show off with smoky, four-wheel burnouts
https://www.autoblog.com/2023/03/10/...heel-burnouts/
-Ford hopes to patent a feature that would let its electric cars do burnouts with their front and rear wheels.
-It's possible since high-performance EVs usually have two motors — one in the rear and one up front.
-Ford said the new tech would help heat a vehicle's tires and also "provide a visual display of power."

Quick as they may be, near-silent electric cars can't cause the same head-turning ruckus around town as their rumbly gas counterparts. But they'll still put on a show by doing sweet, smoky burnouts — if a new Ford technology bears fruit.

CarBuzz, an automotive website, spotted the automaker's recent patent application with the US Patent and Trademark Office, titled "Electrified vehicle performance mode with intentional wheel spin for tire heating." That's an engineer's way of saying the tech will enable electric cars to peel out in an epic cloud of smoke.

So what? Gas-powered muscle cars and sports cars can already do burnouts by locking their front wheels and smashing the gas to spin the rears. What's special about Ford's tech is it'll let electric vehicle owners spin up the back wheels and the fronts in quick succession.

That's possible since sporty EVs, like Ford's own Mustang Mach-E, typically have one motor driving the rear axle and a second up front. According to the filing, the "Heat Tires" function would let owners lock the front wheels and spin the the rear tires for a few seconds, then vice-versa. The stated purpose is to warm up a vehicle's tires for better grip on the racetrack, but it should also look plain cool, as Ford admits.

The "peelout and associated heating or smoking of the tires" will "improve traction and provide a visual display of power," Ford said in the filing.

The new mode could come to a future, high-performance version of the Mustang Mach-E SUV, which is pictured in diagrams as part of the filing. Or it could wind up in a different vehicle altogether.

It wouldn't be the first time Ford introduced a showboaty feature to a new vehicle. The new (non-electric) Mustang lets owners rev their engine from afar using the key fob.

[SubaDuba420]

Some dealers are unhappy with changes to the Ford Model E program
Only Ford Model E-certified dealers will be able to sell EVs starting next year
https://www.autoblog.com/2023/03/16/...anges-unhappy/

Automakers are investing billions to make the move to electric vehicles, but that money doesn’t cover the extensive franchised dealer network in the United States. Training staff to sell EVs and upgrading equipment to service them is an expensive endeavor, and some dealers aren’t up to the effort. Late last year, Ford announced a tiered EV sales program for its dealers that required investments in facilities and training, but the automaker recently changed some of the rules, causing many dealers to leave the program in protest.

Ford initially reported that 1,920 dealers had agreed to its Model E program, which involves investments of between $500,000 and $1.2 million, but enrollment fell to 1,891 after the changes. The automaker removed some requirements for the lowest dealer tier, including ditching the 25-EV per year cap and loosening the requirement to operate a public charger 24/7. Ford is still satisfied with enrollment and said it would open another round of signups for the program starting in 2027.

Many dealers were already unhappy with Ford’s new rules. More than 30 state dealer associations have registered opposition to Model E, which also requires a change in vehicle sales practices. The automaker wants dealers to set no-haggle prices and offer remote pickup/delivery of vehicles for service. Dozens of dealers in North Carolina have filed a petition challenging Ford on the program. As Automotive News notes, it’s essentially a lawsuit since the state’s DMV commissioner is the legal authority on the issue.

Model E is part of Ford’s push to increase quality and improve its customer service model. The automaker has struggled with both, which presents significant challenges in its catch-up efforts with Tesla on EV sales. Ford sold more than 61,000 EVs last year, but it has a long way to go to reach Tesla, which holds around 65 percent of the EV market here.

[SubaDuba420]

F-150 Lightning prices going....
2023 Ford F-150 Lightning Prices Keep Getting Higher and Higher
With the entry-level Pro model now starting at $61,869, the electric F-150's base price has risen about $20K in one model year.
https://www.caranddriver.com/news/a4...rice-increase/
-The 2023 Ford F-150 Lightning now starts at $61,869 for the base Pro model, a $4000 price hike, as first reported by Automotive News.
-When the electric F-150 debuted for the 2022 model year, the Pro started at $41,769—meaning its MSRP has risen by about $20,000 in one year.
-Ford claims the rising prices are due to "current material costs, market factors, and supply-chain constraints."

UPDATE 3/31/2023: A Ford spokesperson confirmed to Car and Driver that prices have increased for the 2023 F-15o Lightning. They also said the company did it to address supply-chain issues as well as the current cost of materials and market factors.

When will Ford stop raising prices of the F-150 Lightning? At the rate things are going, the electric pickup truck will likely cost even more before we find out. Since the F-150 EV debuted for the 2022 model year, its base MSRP has risen by about $20K (from $41,769 to now $61,869).

While there were several step increases in between then and now, it's an eye-opening difference nonetheless, especially given it all happened after one model year. Since August 2022, Ford has now increased Lightning prices no less than four times, with the latest bump first reported by Automotive News. The starting price of the base-level Pro has risen by $4000, from to $57,869 to $61,869.

The other three 2023 F-150 Lightning models cost more too, albeit by smaller margins. The XLT with the standard-range battery only costs an extra $175, whereas the base prices of the Lariat and Platinum jump by $1500 and $1200, respectively.

A Ford spokesperson has confirmed the Lightning's price hikes to Car and Driver. They also said the company is raising costs to address "current material costs, market factors, and supply chain constraints." Ford has issued similar statements for past Lightning price increases.

Earlier this month—following a weeks-long stoppage due to a battery issue that has since been fixed—Ford announced plans to triple the number of F-150 Lightnings it builds this year. With full production resuming this week at its Rouge Electric Vehicle Center, and trucks now being shipped to customers, Ford says it has reopened order banks for the next wave of reservation holders. However, the Lighting Pro is said to still be sold out to retail customers.

Now the question remains: How many more times might the company raise the truck's price in 2023? Watch this space to find out.

[mcarb002]

Originally Posted by juanmedina

Because Uber gives them fuel surcharge, ev incentive and it seems that you can do Uber Comfort and other higher tier Uber rides. Tesla seem very popular for Uber driver, they are renting them, leasing and buying them. If I had to seat in my car all day I would choose a Tesla. I can relax, play games, watch a movie while I am waiting and then use autopilot to make my day more relaxing and easier in a quiet and comfortable cabin, sound like win to me.

My father was telling me about some guy in Colombia that he knew and was a taxi driver that he recently died at a youngish age. He was telling that taxi drivers develop chronic lung disease after years of driving.

Wait….are you trying to say there’s a correlation between driving a lot and getting lung disease??

[Calamity Jesus]

Originally Posted by SubaDuba420

F-150 Lightning prices going....
2023 Ford F-150 Lightning Prices Keep Getting Higher and Higher

[...]

FoMoCo really doesn't understand EV and hybrid demand. They've spent decades viewing their hybrids and EVs as compliance cars they have to build as part of doing business and now that their efficient vehicles are huge hits they can't fathom building enough to meet demand. King Ranch demand they understand. Bronco demand they understand. Raptor demand they understand. Braptor demand they understand.

Lightning, Mach-E, and hybrid Maverick demand? Limit production! Raise prices! Why does anyone want these? Hide!

[godfather2112]

Originally Posted by Calamity Jesus

FoMoCo really doesn't understand EV and hybrid demand. They've spent decades viewing their hybrids and EVs as compliance cars they have to build as part of doing business and now that their efficient vehicles are huge hits they can't fathom building enough to meet demand. King Ranch demand they understand. Bronco demand they understand. Raptor demand they understand. Braptor demand they understand.

Lightning, Mach-E, and hybrid Maverick demand? Limit production! Raise prices! Why does anyone want these? Hide!

Pretty sure they are trying to increase production as more vehicles on the road = more exposure, resulting in more awareness and increase sales. Ford is slave to stock price and share holders. They cannot just go out and blow however much money they want to ramp production.

Sure, the increase in price is to generate more profits and if people are willing to spend that much cash, good for them and who cares? Let them generate higher profits so that it can be funneled back into product development and increased manufacturing. Costs have also continued to rise so prices would naturally rise as well (until demand starts to break).

[DougNuts]

Originally Posted by Calamity Jesus

FoMoCo really doesn't understand EV and hybrid demand. They've spent decades viewing their hybrids and EVs as compliance cars they have to build as part of doing business and now that their efficient vehicles are huge hits they can't fathom building enough to meet demand. King Ranch demand they understand. Bronco demand they understand. Raptor demand they understand. Braptor demand they understand.

Lightning, Mach-E, and hybrid Maverick demand? Limit production! Raise prices! Why does anyone want these? Hide!

Not sure I see your perspective aligning with the marketplace. Ford is now the #2 EV maker and expects their EV unit to lose $3Billion this year in their efforts to expand capacity. Profitability (the goal of a business) isn't expected until 2026.

Ironically, I drove by Ford's new massive battery plant (under construction) a few days ago. It's coming along.

[SubaDuba420]

Ford CEO says price cuts in EV market 'a worrying trend'
Damages resale value, customer goodwill — he also promises to keep Apple CarPlay
https://www.autoblog.com/2023/05/03/...orrying-trend/

Ford CEO Jim Farley said Wednesday price cutting in the electric vehicle market "is a worrying trend" after the U.S. automaker dropped prices for the Mustang Mach-E in response to a series of reductions by rival Tesla.

Ford on Tuesday announced a price cut of up to 8% of its Mustang Mach-E electric vehicle, the second cut the automaker announced this year.

Farley compared the price war in the EV market to Henry Ford's series of price cuts for the Model T starting in 1913. But the Ford chief said the company founder's strategy ultimately put Ford at risk.

"You do not want to commoditize the product," Farley said at a Wall Street Journal forum. "The resale value for people who bought at higher prices is awful. They never forget."

Ford will follow Tesla price cuts for models such as the Mustang Mach-E, which competes head-on with Tesla's Model Y, he said. But, "There’s a limit to how far we’ll go."

On other points, Farley said Ford does not plan to drop Apple CarPlay software that allows customers to mirror their smartphone screens in a vehicle's dashboard. General Motors recently said it will phase out CarPlay in future models.

In terms of entertainment streamed into a car, "we kind of lost that battle 10 years ago," Farley said. Moreover, "70% of Ford customers in the U.S. are Apple customers."

Ford chose to build a new electric vehicle manufacturing hub near Memphis, Tennessee, in part because the region has cleaner electricity from hydro and nuclear facilities, Farley said.

Ford will train workers for that facility, and will invest in retraining current workers, Farley said. But not all Ford employees will make the transition to electric vehicles, he said.

"We can't upskill everyone," he said. "It will take too much time."

AND

Ford posts $1.76B 1Q profit largely on gas-powered vehicles
Ford lost $60K on each EV sold, but ICE and commercial sales more than made up for it
https://www.autoblog.com/2023/05/02/...nings-revenue/

Ford Motor Co. made $1.76 billion last quarter, swinging into the black from a $3.1 billion net loss for the same period a year ago.

(The first-quarter loss last year was due mainly to a drop in valuation of Ford's investment in electric vehicle startup Rivian.)

Excluding one-time items, Ford made 44 cents per share. That beat Wall Street estimates of 42 cents, according to FactSet.

Revenue rose 20% to $41.74 billion, soundly beating the $39.25 billion that analysts expected.

Ford reaffirmed its earlier pretax profit guidance for the full year of $9 billion to $11 billion.

Ford lost $722 million before taxes on its electric vehicles, but it made $2.62 billion on internal combustion vehicles. The company's commercial vehicle unit added $1.37 billion to the pretax profits. Ford lost more than $60,000 per electric vehicle sold in the first quarter. Its combustion-vehicle business, Ford Blue, averaged pretax profit of $3,715 a vehicle, while the Ford Pro commercial business earned $4,053 per vehicle, based on the company's financial data

The company's profits were fueled largely by sales in the U.S., its most lucrative market. Ford sold just under 472,000 vehicles from January through March, up 9.9% from the previous year.

The company continued to get strong prices for its vehicles during the quarter, driven by loaded out trucks and big SUVs. Ford's average sale price was $56,534, according to Edmunds.

Earlier Tuesday, Ford cut prices on its Mustang Mach E electric SUV, the same day Tesla raised prices slightly on the Model Y, the Mach E's main competitor. Ford also said it is reopening the order bank on Wednesday for the Mach E after upgrading a factory in Mexico to increase output. Automakers have been able to scale up production and get vehicles to dealers on time after being pinned down by shortages of semiconductors and other parts in 2022.

Shares were down 1% in after-hours trading.

Ford cautioned that "higher industrywide customer incentives as vehicle supply-and-demand rebalances" will be a "headwind" for profitability.