Ford to cut orders for hybrid pick up Maverick - News Summed Up

Ford to cut orders for hybrid pick up Maverick


Ford Maverick 2022 is pictured during the Motor Bella 2021 auto show in Pontiac, Michigan, September 21, 2021. REUTERS/Rebecca Cook(Reuters) - Ford Motor (NYSE: ) Co is cutting off customer orders for the Maverick, a hybrid affordable pickup that the automaker had rolled out in June last year, the Wall Street Journal reported https://www.wsj.com/articles/ford-shuts-off-orders-for-new-20-000-maverick-pickup-11643033093?mod=latest_headlines on Monday. Ford told its dealers in a memo that it is suspending customer orders for the Maverick pickup truck because it is already straining to fill a backlog, the WSJ reported. The company will resume taking orders for the 2023 Maverick in the summer, the report said. The Maverick compact pickup truck was launched with a gasoline-electric hybrid powertrain as standard equipment, a technology choice aimed at keeping the vehicle's starting price below $20,000.


Source: Wall Street Journal January 24, 2022 15:02 UTC



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