By Michael Elkins
Shares of Ford Motor Company (NYSE:F) are down 1.34% in mid-day trading on Tuesday after the American automaker announced a pause to production and shipments of its electric F-150 Lightning pickup due to what the company is calling a potential battery issue.
Ford spokeswoman Emma Bergg declined to disclose details of the possible battery issue, which is being investigated after a vehicle displayed a potential problem as part of the automaker’s pre-delivery quality inspections.
“The team is diligently working on the root cause analysis,” Bergg said, adding the company is “doing the right thing by our customers” to resolve any potential issues before resuming production and shipments.
The company is currently unaware of any incidents or issues associated with the potential battery issue. There is no stop-sale for vehicles already on dealer lots, meaning dealers can continue to sell vehicles they already have on hand.
Ford has not established a timeline for when production and the shipments will resume, Bergg said.