By
Svetlana Soroka
April 18th, 2024
The new F-150 truck in both pure diesel and hybrid versions can be considered to be another booster for Ford stock. F stock was up yesterday and is in the green today in the pre-market.
Ford Motor Company (NYSE: F) stock price rose by 1.34% to $6.03 in the last trading session. This occurred as the auto manufacturer has introduced the F-150 2021 version of its truck. At the time of filing this report, in the pre-market, F stock is 0.83% up, at $6.08.
The issue of the F-150 pickup line is taken seriously by Ford. The line amounts for a substantial portion of its revenues currently. Ford (F) is in an $11 billion restructuring phase. The carmaker is seeking to shift towards new technologies that are currently making waves. Electric Vehicles, Autonomous driving features, and smart transportation are some examples.
Ford (F) introduced the regular and hybrid models of the F-150. if things go according to plan both will be available come September. ford (F) outdid itself this time. The new F-150 has a hands -free driving system The truck also has remote updates and 12-inch screens.
Todd Eckert, Ford Truck Group marketing manager, said:
“The needs of truck customers have and continue to evolve.”
Ford (F) Stock Price Rises as New Features Are Introduced
For regular truckers, the F-150 offers the same strength and agility those other models before it have done. Regular activities such as working and sleeping inside the truck have can now become a regular thing.
The F-150 now includes work areas and folded seats. The work areas are located in the aisle on the center console and the tailgate. The truck also comes with an inbuilt generator for power devices during different kinds of events. While pricing is yet to be disclosed, the new F-150 is thought to be priced between $30,000-$70,000.
A purely electric version is expected within the next 24 months. This comes as the automaker is seeking to compete with others in this niche. Tesla Inc (NASDAQ: TSLA) is known to be the undisputed market leader in this regard. However, nothing is cast in stone and an F-150 Ev could give Tesla a run for its money.
Other all-electric trucks are also in the game. General Motors Company (NYSE: GM) and Rivian are in the game as well.
The Ford (F) F-150 has new designs inside-out. There are six options for the truck. These include a diesel powred 3.0 liter and a “PowerBoost” 3.5-liter hybrid engine . all engines have a 10-speed transmission included. The hybrid model will be able to go for at least 700 miles on a full tank with at least 12,000 pounds of towing capacity. The truck also comes with a 2.4 kilowatts generator. It also has an extension for 7.2 kilowatts. The non-hybrids come in 2.4 Kw and 7.2 Kw engines. The Stowable gear shifter has a flat surface to allow all kinds of things.
One thing that’s interesting about the F-150 is that its “Driver Assist” system will allow for about automated assistance through about 100,000 kilometers of roads in the U.S. and Canada.
The system will not be activated until 2021.
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