Ford hikes price of its electric F-150 pickup truck by $5,000
CBSN
Ford Motor is raising the price of its base F-150 pickup truck by $5,000 as the automaker seeks to offset rising manufacturing costs.
Starting October 24, the F-150 Lightning Pro will cost $51,974, Ford said Wednesday. That is up 11% from $46,974 in August, while earlier in the year the base model was priced at $39,974. The price increase is "due to ongoing supply-chain constraints, rising material costs and other market factors," a Ford spokesperson told CBS News.
Other trim levels for the F-150 Lightning will cost the same. The new price won't impact any customers who have already pre-ordered the truck, a Ford spokesperson said.
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