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Ford idles F-150 truck plant through Sunday due to global chip shortage
Source: Reuters
AUTOS
MARCH 25, 2021 4:47 PM UPDATED 16 HOURS AGO
Ford idles F-150 truck plant through Sunday due to global chip shortage
DETROIT (Reuters) -Ford Motor Co said on Thursday it will idle production of its highly profitable F-150 pickup truck at a plant in Michigan through Sunday due to the global semiconductor chip shortage.
Ford and other automakers have stressed they are trying to protect production of its most profitable vehicles, but the loss of even some full-sized pickups shows the shortage has hit Ford where it least wants.
Ford’s Dearborn, Michigan, plant will be idled from Friday through Sunday, and resume work on Monday. A spokeswoman declined to say how much volume would be lost.
The No. 2 U.S. automaker previously said it would assemble its flagship F-150 truck without certain parts and hold them for a “number of weeks” until they can be completed and shipped.
Ford said the latest action is part of its prior forecast that the chip shortage could shave $1 billion to $2.5 billion off its 2021 profits.
-snip-
MARCH 25, 2021 4:47 PM UPDATED 16 HOURS AGO
Ford idles F-150 truck plant through Sunday due to global chip shortage
DETROIT (Reuters) -Ford Motor Co said on Thursday it will idle production of its highly profitable F-150 pickup truck at a plant in Michigan through Sunday due to the global semiconductor chip shortage.
Ford and other automakers have stressed they are trying to protect production of its most profitable vehicles, but the loss of even some full-sized pickups shows the shortage has hit Ford where it least wants.
Ford’s Dearborn, Michigan, plant will be idled from Friday through Sunday, and resume work on Monday. A spokeswoman declined to say how much volume would be lost.
The No. 2 U.S. automaker previously said it would assemble its flagship F-150 truck without certain parts and hold them for a “number of weeks” until they can be completed and shipped.
Ford said the latest action is part of its prior forecast that the chip shortage could shave $1 billion to $2.5 billion off its 2021 profits.
-snip-
Read more: https://www.reuters.com/article/us-ford-motor-semiconductors/ford-idles-f-150-truck-plant-through-sunday-due-to-global-chip-shortage-idUSKBN2BH39K