Ford Increases Price Tag for New F-150 Lightning Pickups
Looking to buy a new Ford F-150 Lightning electric pickup truck? The price just went up.
Ford Motor Co. recently jacked up the sticker price on the truck's base model by $5,000 to nearly $52,000, the Detroit News reports. The auto manufacturer is blaming supply chain issues and material costs for the price hike.
“The move follows the automaker in August raising prices on the Lightning across the board,” Jordyn Grzelewski reports for the news outlet. “In unveiling and launching the Lightning — a battery-electric version of America's best-selling truck – executives had touted the fact that the starting price was under $40,000.”
Ford recently reported that its overall sales jumped by 16 percent in the third quarter. The company sold nearly 9,000 Lighting pickups over the three-month period.
“We’re asking ‘What’s best for customers?’ in everything we do,” Ford President and CEO Jim Farley said in a prepared statement announcing the third quarter results.
The company announced last year that it plans to make electric cars 40% of its annual vehicle sales by 2030. Ford has pledged to invest $29 billion in electrification projects, such as plug-in versions of the F-150 pickup truck, the Mustang and a luxury sport utility vehicle.
But Farley recently said the company has no plans to go electric when it comes to its Super Duty pickup trucks. “If you’re pulling 10,000 pounds, an electric truck is not the right solution,” Farley said.
Ford Car Defects Pose Safety Risks
Ford and anyone who drives its cars should know that the company does not exactly have the best track record when it comes to making vehicles that are safe to drive.
Ford recalled roughly 345,000 vehicles in April, for instance, citing the risk of fires stemming from oil leaks. A month earlier, Ford announced that it was calling back 18,000 sport utility vehicles whose engines the company said could go up in flames if the cars are involved in crashes.
The good news for Ford and other car owners in California is that you do not need to wait for a recall to get a defective or malfunctioning vehicle fixed. The California lemon law offers some important rights and protections.
Formally known as the Song-Beverly Consumer Warranty Act, the lemon law forces car manufacturers to perform various repairs on vehicles while they are under warranty. The law also requires those companies to buy back vehicles that they cannot or will not fix. That includes covering the purchase price, financing fees and other related expenses.
A manufacturer can instead offer to replace the vehicle, but it is up to the owner to decide whether to accept or reject this alternative arrangement.
Talk with a California Lemon Law Attorney
If you have been stuck with a defective or malfunctioning vehicle, a California lemon law attorney at Bickel Sannipoli APC can help you fight back.