Ford hikes price of its electric F-150 pickup truck by $5,000
CBSN
Ford Motor is raising the price of its base F-150 pickup truck by $5,000 as the automaker seeks to offset rising manufacturing costs.
Starting October 24, the F-150 Lightning Pro will cost $51,974, Ford said Wednesday. That is up 11% from $46,974 in August, while earlier in the year the base model was priced at $39,974. The price increase is "due to ongoing supply-chain constraints, rising material costs and other market factors," a Ford spokesperson told CBS News.
Other trim levels for the F-150 Lightning will cost the same. The new price won't impact any customers who have already pre-ordered the truck, a Ford spokesperson said.
The Trump administration hopes to upgrade and replace the nation's entire air traffic control system, with President Trump saying Thursday morning that he'll work with Congress on a bill to that end.
The United States does not plan to stop distributing foreign aid around the world but needs to do a better job explaining and defending programs receiving assistance, Secretary of State Marco Rubio told U.S. diplomats behind closed doors Wednesday.
Police in Sierra Leone have said they are hunting a Dutch drug trafficker who is one of Europe's most-wanted fugitives and believed to be hiding out in the west African country.
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