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Ford CEO Jim Farley poses for a photo at the launch of the all-new electric Ford F-150 Lightning pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, on April 26, 2022. Bill Pugliano/Getty Images
Ford Motor is hiking the price of its electric F-150 Lightning pickup over “significant material cost increases and other factors,” which are currently facing the auto industry amid soaring inflation, the vehicle maker announced on Aug. 8.
The company confirmed the price hike while announcing that it is reopening orders for the popular vehicle this Thursday.
