Timken Providing Engineered Bearings for Ford Motor Company's Electric F-150 Lightning

Rhea-AI Summary

The Timken Company (NYSE: TKR) announced that its engineered packaged wheel bearings are now utilized in Ford Motor Company's F-150 Lightning, the first mainstream electric pickup. This partnership reflects Timken's role in advancing EV technology, providing solutions that enhance vehicle performance while addressing design challenges. Timken's longstanding relationship with Ford dates back to 1908 and includes various models. As of 2021, Timken reported $4.1 billion in sales, showcasing its expertise in bearing technologies essential for modern vehicle demands.

Positive

• Timken's bearings represent incremental content per vehicle for the F-150 Lightning compared to gasoline models.
• The collaboration with Ford showcases Timken's engineering expertise and adaptability to EV trends.
• Timken has a long-standing relationship with Ford, enhancing credibility and ongoing business opportunities.

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• None.

NORTH CANTON, Ohio, Jan. 5, 2023 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, today announced its packaged wheel bearings are being used on Ford Motor Company's F-150 Lightning, the first mainstream electric light-duty pickup truck to hit the market. Timken bearings on the F-150 Lightning represent incremental content per vehicle, compared to its gasoline-powered counterpart.

"Customers call on us to serve as a trusted technical supplier, utilizing our application engineering expertise to help them improve and differentiate product performance," said Andreas Roellgen, Timken executive vice president, president Engineered Bearings. "We collaborated closely with Ford's team to solve design challenges and support their high standards for safety and performance."

Timken was there to support Ford's timeline and provide an informed perspective on innovating product and process technologies to address the emerging electric vehicle (EV) trend. Timken has been working for many years on advanced designs for EVs, evolving its technology to create solutions that are lighter, smaller and more fuel efficient, yet capable of meeting the unique performance demands of EVs, including higher torque and load requirements. Timken's customized bearing designs are helping manufacturers like Ford switch to EV designs without the need to rethink their entire supply chain.

Timken has a long-standing relationship with Ford, dating back to the production of the Model T in 1908. Timken began providing the wheel bearings for the F-150 Lightning in April 2022. Ford also uses Timken bearings on its Expedition and Lincoln Navigator SUVs, as well as other variations of the F-150.

About The Timken Company
The Timken Company (NYSE: TKR; www.timken.com) designs a growing portfolio of engineered bearings and industrial motion products. With more than a century of knowledge and innovation, we continuously improve the reliability and efficiency of global machinery and equipment to move the world forward. Timken posted $4.1 billion in sales in 2021 and employs more than 18,000 people globally, operating from 43 countries. Timken has been recognized among America's Most Responsible Companies by Newsweek, the World's Most Ethical Companies® by Ethisphere, and America's Best Employers, Best Employers for New Graduates and Best Employers for Women by Forbes.

Media Relations:
Scott Schroeder
234.262.6420
scott.schroeder@timken.com

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SOURCE The Timken Company

FAQ

What is the significance of Timken's bearings in the Ford F-150 Lightning?

Timken's bearings provide incremental content per vehicle, supporting enhanced performance in the first mainstream electric light-duty pickup truck.

When did Timken start supplying bearings for the Ford F-150 Lightning?

Timken began supplying wheel bearings for the F-150 Lightning in April 2022.

How much did Timken earn in sales in 2021?

Timken reported $4.1 billion in sales for the year 2021.

What challenges did Timken help Ford solve for the F-150 Lightning?

Timken collaborated with Ford to address design challenges, ensuring high standards for safety and performance in electric vehicles.

What is Timken's history with Ford?

Timken has a relationship with Ford that dates back to the Model T in 1908, providing bearings for various Ford models over the years.