Ford Rushing 144,000 Trucks to Dealers, Resumes F-150 Lightning Shipments After Quality Halt

• Ford to send 144,000 F-150 and Ranger trucks to North American dealers that were previously held back to address quality issues • Shipments of F-150 Lightning electric trucks to resume after being halted in February; some variants discounted up to $5,500 • Wave of trucks critical for Ford to hit 2024 pre-tax profit target of $10B-$12B • Delay in shipments could impact Ford's Q1 financial numbers to be reported in April • Ford paid nearly $4.8B in warranty repairs in 2022; engineers updated F-150 software after finding electronic components using more power than expected