• 565
  • 63
  • Favorite

Ford to suspend or cut output at 8 of its factories due to chip shortage

Reuters2022-02-05

SAN FRANCISCO, Feb 4 (Reuters) - Ford Motor plans to suspend or cut production at eight of its factories in the United States, Mexico and Canada throughout next week because of chip supply constraints, a spokeswoman told Reuters on Friday.

The changes come a day after the Detroit automaker warned a chip shortage would lead to a decline to vehicle volume in the current quarter.

Production at factories in Michigan, Chicago and in Cuautitlan, Mexico will be suspended. In Kansas City, production of its F-150 pickup trucks will be idled while one shift will run for production of its Transit vans.

The Detroit automaker will also run a single shift or a reduced schedule at its factories in Dearborn, Kentucky and Louisville, while removing overtime at its Oakville factory in Canada.

All changes will be in place for the week beginning Feb. 7.

Ford shares slumped on Friday, after the automaker posted smaller-than-expected quarterly income and forecast a slower recovery in 2022 vehicle production than rival General Motors

However, the company said it expected vehicle volume to improve significantly in the second half.

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.

Report

Comment63

  • Alice156
    ·2022-02-07
    Like
    Reply
    Report
  • gupzbajaj
    ·2022-02-06
    Hmmmm
    Reply
    Report
  • whywhywhywhy
    ·2022-02-06
    [shy] 
    Reply
    Report
  • BG68
    ·2022-02-06
    Luv my job
    Reply
    Report
  • lightlifer
    ·2022-02-06
    Demand shock more like it [Grin] 
    Reply
    Report
  • MN27
    ·2022-02-06
    Like pls
    Reply
    Report
    Fold Replies
    • Am3n_Tao
      ok
      2022-02-06
      Reply
      Report
  • koolgal
    ·2022-02-06
    Ford has to cut output due to severe chip shortage.  Hopefully the situation will be resolved by mid 2022.  Go Ford! 🚀🚀🚀🌙🌙🌙
    Reply
    Report
  • Foreverhuat
    ·2022-02-06
    Mmm
    Reply
    Report
  • Foreverhuat
    ·2022-02-06
    Ok
    Reply
    Report
  • FarmerK
    ·2022-02-06
    Thanks for the article
    Reply
    Report
  • holybun
    ·2022-02-05
    My money fly 💸
    Reply
    Report
  • MoneyCentral
    ·2022-02-05
    Not sure why $Ford(F)$has all these problems when $Tesla Motors(TSLA)$doesn't make such a big deal of it
    Reply
    Report
  • Jazling
    ·2022-02-05
    Wow
    Reply
    Report
  • Tanyl
    ·2022-02-05
    Most of the co also face of chip shortage
    Reply
    Report
  • rachellll
    ·2022-02-05
    Q
    Reply
    Report
  • JJQ
    ·2022-02-05
    Like 
    Reply
    Report
  • ivy888
    ·2022-02-05
    Like 
    Reply
    Report
  • meehie
    ·2022-02-05
    Tks sharing
    Reply
    Report
  • DJBoy
    ·2022-02-05
    Over value
    Reply
    Report
  • Roarhigher
    ·2022-02-05
    Good 
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial