00:00 It's Benzinga and here's what's on the block.
00:02 Ford is increasing production of the Bronco SUV and Ranger pickup truck at its Michigan
00:06 assembly plant. At the same time, Ford is reducing production of the F-150 Lightning
00:10 electric pickup truck to one shift from two at its Rouge Electric Vehicle Center in Michigan.
00:14 The changes will impact around 1,400 employees at the Rouge plant,
00:17 with around half expected to transfer to other Ford plants.
00:21 Sales of the Lightning were up 55% in 2023, but vehicles have not been selling as quickly
00:25 recently, while Bronco and Ranger sales declined last year. Ford expects further Lightning sales
00:30 growth in 2024, but not as high as the $150,000 annual rate it had planned previously.
00:35 For all things money, visit Benzinga.com.
00:37 com.
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