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Ford Motor Company (NYSE:F) boosted production capabilities for the electric F-150 Lightning by adding a third manufacturing shift at its Michigan plant that builds the EV truck.
The Detroit automaker is aiming for plant to have a capacity of 150K units a year by next fall. Ford sold 13,258 F-150 Lightnings in the first eleven months of the year.
The new shift began in November and the plant now operates three rotating crews of workers in ten-hour shifts seven days a week.
Earlier on Tuesday, the Ford F-150 Lighting won Motor Trend’s Truck of the Year award by beating out the Chevrolet Silverado 1500, GMC Sierra 1500, Ram 2500 and Toyota Tundra.
Spotlight on Ford: Since July 1, shares of Ford (F) have managed the fifth-best return in the auto sector with a 14% gain. Ford (F) also trades at one of the lowest forward price-to-earnings ratios in the sector and the fourth highest Seeking Alpha Quant Rating.
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