Ford Motor Co. stated that the computer-chip shortage will force it to cut output across more than half-dozen US factories in July, a sign that the supply-chain troubles could take longer to ease than auto-industry executives previously believed.Ford stated on Wednesday that its pickup truck factories in Michigan, Kentucky and Missouri will reduce or stop production for much of July, while an Explorer plant in Chicago will be idled for the entire month. Production of several other popular models also will be decreased or gotten rid of, including the Escaped SUV and Mustang sports car.The Chicago plant and the factories that assemble the pickup trucks-Ford’s largest moneymaker-had cut production earlier this spring due to the chip shortage but had been back at full tilt in recent weeks.Executives from Ford and other automakers have stated that the chip shortage should start to ease in the third quarter but have cautioned that the situation is fluid.
Ford to Idle or Curb Output at More Plants Due to Chip Shortage
Published by
November 28, 2024
(GMT+2)
WHAT TO READ NEXT
No items found.
STOCK ANALYSIS
MARKET OVERVIEW
SIMILAR NEWS
Ready to get started?
Start trading with the full package, from state of the art platform to free tool and favorable transaction fees.
All investments involve risks, including the possible loss of capital.
www.mexem.com is a website owned and operated by MEXEM Ltd. MEXEM Ltd is a European broker regulated by CySEC, license No. 325/17.
Read our Forms & Disclosures.
Any advertisement or communication concerning the distribution of derivatives falling within the scope of the Regulation of the FSMA of 26 May 2016 governing the distribution of certain derivative financial instruments to retail clients is not addressed to the Belgian public.