Ford Motor Company on Tuesday completed assembly of its first aluminum-bodied F-150 pickup, the most fuel-efficient truck ever, the New York Times reported.
Despite gas prices falling with the commodity price of crude oil, Ford is betting that its new aluminum-bodied F-series pickup truck will be a hit with consumers and an important step toward achieving new government fuel standards from the National Highway Transportation Safety Administration (NHTSA).
“Even with gas at $3 a gallon, fuel economy is still very important to people,” William Clay Ford Jr., the automaker’s executive chairman, said at the ceremonial introduction of the pickup at Ford’s Dearborn, Mich., truck assembly plant.
Mr. Ford said that gas consumption was the largest area of consumer dissatisfaction in the purchase of pickup trucks.
Following two days of increases on the LME, the aluminum cash price dropped by 1.7% to end at $2,041 per metric ton on Tuesday, November 11. The 3-month price of aluminum closed at $2,040 per metric ton. Following a couple days of improvement, the metal’s price weakened by 1.4% on the LME. The cash price of primary Indian aluminum declined 0.7% to INR 125.90 ($2.05) per kilogram.
Chinese aluminum prices were flat for the day. The price of Chinese aluminum scrap was unchanged at CNY 12,250 ($1,995) per metric ton. The price of Chinese aluminum billet continues hovering around CNY 13,590 ($2,213) per metric ton for the fifth day in a row. The price of Chinese aluminum bar held steady at CNY 14,200 ($2,312) per metric ton. The Chinese aluminum cash price saw essentially no change for the fifth day in a row, remaining around CNY 13,960 ($2,273) per metric ton.