HomeBusinessFord to cut orders for hybrid pick up Maverick - WSJ

Ford to cut orders for hybrid pick up Maverick – WSJ

Ford Motor Co is reducing off buyer orders for the Maverick, a hybrid reasonably priced pickup that the automaker had rolled out in June final yr, the Wall Street Journal reported https://www.wsj.com/articles/ford-shuts-off-orders-for-new-20-000-maverick-pickup-11643033093?mod=latest_headlines on Monday.

Ford advised its sellers in a memo that it’s suspending buyer orders for the Maverick pickup truck as a result of it’s already straining to fill a backlog, the WSJ reported.

The firm will resume taking orders for the 2023 Maverick in the summertime, the report mentioned.

Ford didn’t instantly reply to a Reuters request for remark.

The Maverick compact pickup truck was launched with a gasoline-electrical hybrid powertrain as normal gear, a know-how selection aimed toward holding the car’s beginning value under $20,000.

The worldwide scarcity of laptop chips has left automobile producers unable to full meeting of some new automobiles. Suppy-chain and manufacturing disruptions have left auto sellers with diminished stock ranges.

(Reporting by Kannaki Deka in Bengaluru; Editing by Maju Samuel)

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