by Al_Dente » Thu Apr 01, 2021 2:24 pm
BECAUSE OF CHIP SHORTAGES:
WSJ reports Ford said Wednesday it would suspend production for two weeks in April at its truck plant in Dearborn, Michigan. At its Kansas City, Missouri truck factory, the company announced production suspensions for up to a week. There are also preparations to reduce work shifts temporarily and eliminate additional overtime shifts at several other factories.
Ford has previously stated the chip shortage could lower its earnings by at least $1 billion - $2.5 billion this year. Ford reaffirmed its guidance this week but is expected to provide a more in-depth report on the semiconductor shortage when it publishes quarterly results on April 28.