Ford forced to cut profitable F-150 pickup truck production due to
ItemDate=2021-04-08 00:58:25 Status=publish
TopicTaglist=['H3', 'G6', 'V9']
Ford started resuming vehicle production in the U.S. on May 18, 2020 with new coronavirus safety protocols such as health assessments, personal protective equipment and facility modifications to increase social distancing. DETROIT — Ford Motor is significantly cutting production of its highly profitable F-150 pickup trucks due to an ongoing semiconductor chip shortage plaguing the global automotive industry. The automaker said Thursday that its Dearborn Truck Plant in Michigan will drop to one shift from three for a week beginning Monday, while truck production at its Kansas City Assembly Plant in Missouri will drop to two shifts from three. Ford spokeswoman Kelli Felker said both plants are expected to return to three shifts the week of Feb. 15. "We are working closely with suppliers to address potential production constraints tied to the global semiconductor shortage and working to prioritize key vehicle lines for production, making the most of our semiconductor allocation," she said in an emailed statement. Shares of Ford appeared to be unaffected by the cuts, trading up by about 3% during intraday trading late Thursday morning. The automaker is scheduled to report its fourth-quarter earnings and give guidance for 2021 after the market closes Thursday.
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