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.
The oldest members of Generation X are turning 59 1/2 this month, the earliest age when workers can start withdrawing retirement assets without a penalty. But many Gen Xers are far from prepared for their golden years, with almost half saying it would take a "miracle" for them to be able to retire, according to a new Natixis study.
A fleet of Russian warships, including a nuclear-powered submarine, left Havana's port on Monday after a five-day visit to Cuba following planned military drills in the Atlantic Ocean. The exercise has been seen by some as a show of strength by Moscow against the backdrop of tensions as U.S. and other Western nations support Kyiv in Russia's war on Ukraine.