Ford Layoffs and the Impact of the UAW Strike on F-150 Lightning Production

The Entrepreneur Magazine26 Oct, 2023News

The reduction in F-150 Lightning sales, which dropped by 45% in the third quarter of last year compared to the prior year, is one of the main causes of Ford layoffs. Ford, nevertheless, is still upbeat about the future and anticipates higher sales in the last three months of the year as facility improvements take hold. The third quarter saw a robust 65% increase in demand for Ford's array of electric vehicles.