(Reuters) – Ford Motor has stopped taking reservations for the upcoming F-150 Lightning electrical pickup, Chief Govt Jim Farley advised CNBC host Jim Cramer on Thursday.
Farley stated F-150 Lightning orders had been capped at 200,000: “We needed to cease taking reservations as a result of we had so many.”
He stated Ford initially put in manufacturing capability for 70,000-80,000 Lightnings a yr, and now goals to double that over subsequent two years.
“We do not need to construct these automobiles in tents,” Farley joked, in a reference to Tesla CEO Elon Musk’s determination to broaden manufacturing a number of years in the past by including a tent to the corporate’s Fremont plant.
“We need to construct them on the Rouge” manufacturing facility close to Ford’s headquarters in Dearborn, Michigan.