Ford Motor Co. Simplifies Management and Offers Unprecedented Lease Prices for F-150 Lightning

Today brought good news for Ford Motor Co. (F), as the company announced changes to its management and unveiled new leasing terms for the F-150 Lightning electric pick-up truck. Investors reacted positively, driving shares up nearly 2% during trading on November 5.

Leadership Changes in Germany

In a step towards efficiency, Ford has streamlined its leadership team in Germany, resulting in the departure of two senior managing directors. This move is part of a broader initiative by Ford to simplify its operations.

Following these changes, Ford will be left with just two managing directors, both of whom have been in their roles for only five months. This restructuring coincides with the recent launch of the Capri, Ford’s second electric vehicle built on Volkswagen’s MEB platform, following the Electric Explorer.

Record Low Lease Prices

For those interested in electric vehicles but deterred by high costs, Ford has slashed the lease price for the F-150 Lightning to an all-time low. The 2024 F-150 Lightning XLT Standard Range can now be leased for just $339 per month over 36 months.

A down payment of $6,629 is required at signing, setting the total cost at $18,833, competitive with many used cars on the market today. According to a report from Inside EVs, Ford cut the lease price by nearly 50% to attract more drivers. Just last month, leasing started at over $700.

Analysts Weigh In: Is Ford Stock a Good Buy?

On Wall Street, analysts hold a Moderate Buy consensus rating on Ford (F) stock, based on six buy ratings, nine holds, and one sell over the past three months. Following a 7.93% increase in share price over the last year, the average price target for Ford stands at $12.04 per share, suggesting a potential upside of 13.96%.

See more F analyst ratings

Disclosure

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.