F
Ford to cancel shifts, partially assemble some vehicles in global chip
shortage
- Ford (NYSE:F) says it will continue for now to assemble its flagship
F-150 pickup trucks and Edge SUVs in North America but without certain
parts due to the global semiconductor chip shortage, while it cancels
shifts at two assembly plants.
- Ford says the chip shortage, combined with the shortage of a part
caused by last month's U.S. winter storm, will prompt it to build the
vehicles - numbering "in the thousands" - and then hold them "for a
number
of weeks" until the parts are available.
- The production cancellations include three shifts through Friday at a
plant in Kentucky that produces the Ford Escape and Lincoln Corsair SUVs.
- Ford also confirms downtime earlier this month as well as a day next
week at a plant in Germany that produces the Ford Fiesta.
- Ford has said the chip shortage could lower its earnings by $1B-$2.5B
this year.
|Yesterday, 7:15 PM|23 Comments
Comments
Post a Comment