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Ford’s Troubles Deepen Fast – Darlinez News.

<p> &lbrack;ad&lowbar;1&rsqb;<br &sol;>&NewLine;<&sol;p>&NewLine;<div>&NewLine;<div class&equals;"entry-content column content primary is-two-thirds">&NewLine;<div class&equals;"" style&equals;"padding-bottom&colon; 10px&semi;">&NewLine;<div class&equals;"">&NewLine;<p>&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<span class&equals;"tag is-dark is-uppercase">Autos<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;p>&NewLine;<div class&equals;"byline-container">&NewLine;<div class&equals;"post-date is-italic has-text-grey is-size-7 has-text-weight-medium ">&NewLine;<p>February 15&comma; 2023 9&colon;30 am<&sol;p>&NewLine;<&sol;p><&sol;div>&NewLine;<&sol;p><&sol;div>&NewLine;<&sol;p><&sol;div>&NewLine;<&sol;p><&sol;div>&NewLine;<&sol;p><&sol;div>&NewLine;<p>Add a deeply troubling problem to Ford’s list of overwhelming challenges&period; Its electric vehicle &lpar;EV&rpar; flagship&comma; the F-150 Lightning&comma; has stopped rolling off the production line&period; There appears to be a problem with the battery&comma; which is the heart of the vehicle&period; Ford has further undermined its natural advantage due to the F-150’s decades of sales dominance in the United States&period; It puts further heat on CEO Jim Farley&comma; who may be added to the long list of chief executives dismissed by the Ford family&period;<&sol;p>&NewLine;<p>Ford spokeswoman Emma Bergg offered a vague explanation&comma; a hallmark of the company’s PR operation&period; &OpenCurlyDoubleQuote;The team is diligently working on the root cause analysis&comma;” she said&comma; and added it was the &OpenCurlyDoubleQuote;right thing for customers&period;” That implies the delivery of a faulty Lightning was even a possibility&period;<&sol;p>&NewLine;<p>Farley has gone to great lengths to explain the car company’s problems&period; Quality has been an issue for years and will take years to fix&comma; he says&period; Moreover&comma; Ford has far too many engineers compared to rivals&period; Put another way&semi; management is overstaffed in a key part of its operations&period; Farley has described these without adequate explanation about how they should be solved&period; The fact that one of the world’s leading manufacturers cannot improve on its challenges more quickly is hard to believe&period; &lpar;Click here for the 25 biggest product flops in the past 10 years&period;&rpar;<&sol;p>&NewLine;<p>The need for a successful launch of the Lightning cannot be overstated&period; Executive Chair Bill Ford&comma; who runs that company&comma; recently commented last April&colon;<&sol;p>&NewLine;<blockquote>&NewLine;<p>Every time any auto manufacturer does a major launch&comma; they always say it’s the most significant in the company’s history&period; To put this in perspective … it is probably the most important launch of my career&period; … This has been a personal journey of mine since I joined the company 43 years ago&period; And it sort of all culminates on Tuesday with the launch of this vehicle&period; So I think in many ways&comma; it’s for me&comma; anyway&comma; the most important launch of my career&period;<&sol;p>&NewLine;<&sol;blockquote>&NewLine;<p>Bill Ford has to be more than disappointed&period;<&sol;p>&NewLine;<section id&equals;"email-subscribe" class&equals;"section section-email-sub single-email-sub"><&excl;-- div&period;svg-icon --><&sol;p>&NewLine;<div class&equals;"container">&NewLine;<div class&equals;"subscribe-message" style&equals;"line-height&colon; 1&period;3&semi;">&NewLine;<p>Get Our Free Investment Newsletter<&sol;p>&NewLine;<&sol;p><&sol;div>&NewLine;<&sol;p><&sol;div>&NewLine;<&sol;section>&NewLine;<p>Ford has bungled the pricing of the F-150 Lightning as well&period; In December&comma; Ford raised the price of the EV for the third time&period; The reason was that management could not tell what it would cost to make the pickup&period; Ford also had third-quarter cost overruns that totaled &dollar;1 billion across the company&period;<&sol;p>&NewLine;<div class&equals;"recirc recirc-text">&NewLine;&Tab;&Tab;&Tab;<strong><&sol;p>&NewLine;<p>&Tab;&Tab;&Tab;&Tab;ALSO READ&colon; The Most Fuel-Efficient New Trucks This Year<br &sol;>&NewLine;&Tab;&Tab;&Tab;<&sol;strong>&NewLine;&Tab;&Tab;<&sol;div>&NewLine;<p><&sol;p>&NewLine;<p>The Lightning should have been a huge and relatively easy success&period; It is the first major full-sized pickup to be offered as an EV&period; The gas-powered F-150 has been the top-selling vehicle in the United States for over four decades&period; The number on the road today has to exceed 6 million&period; Such a huge installed base is the perfect target for a new version of any vehicle&period; That advantage has slipped away&period;<&sol;p>&NewLine;<div id&equals;"smartasset" style&equals;"margin-bottom&colon; 1em&semi; margin-top&colon; 1em&semi;">&NewLine;<p><b>Sponsored&colon; Tips for Investing<&sol;b><&sol;p>&NewLine;<p>A financial advisor can help you understand the advantages and disadvantages of investment properties&period; Finding a qualified financial advisor doesn’t have to be hard&period; SmartAsset’s free tool matches you with up to three financial advisors who serve your area&comma; and you can interview your advisor matches at no cost to decide which one is right for you&period; If you’re ready to find an advisor who can help you achieve your financial goals&comma; get started now&period;<&sol;p>&NewLine;<p>Investing in real estate can diversify your portfolio&period; But expanding your horizons may add additional costs&period; If you’re an investor looking to minimize expenses&comma;&Tab;consider checking out online brokerages&period; They often offer low investment fees&comma; helping you maximize your profit&period;<&sol;p>&NewLine;<&sol;div>&NewLine;<p>&Tab;&Tab;&Tab;&Tab;<&excl;-- &num;post-footer--><&sol;p><&sol;div>&NewLine;

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