Ford Suspends or Cuts Output at Plants Due to Chip Shortage

Reuters2022-02-14

DETROIT (Reuters) - Ford Motor Co said on Monday it will continue idling some of its assembly plants in the week of Feb. 14 due to the global semiconductor shortage.

The U.S. automaker will idle production at its Ohio Assembly Plant as well as the production line for the Transit van at its Kansas City Assembly Plant, spokeswoman Kelli Felker said in an email. It also will operate with reduced shifts at its Kentucky Truck, Chicago and Dearborn (Michigan) Truck assembly plants.

Last week, Ford suspended or cut production at eight plants in North America due to the shortage. Ford previously said the current quarter would be its low point for vehicle production due to the chip shortage.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
12