Ford to Shut Down Some North American Plants in Several Weeks of Chip Shortage – True Pundit

Ford Motor Co. said Wednesday several North American factories will close for a few weeks in July and August due to a global shortage of semiconductors.

The supply crunch will cost $ 2.5 billion this year and a half to make the car in the second quarter, the Dearborn, Michigan -based company said in April.

“As we continue to manufacture new vehicles, we are prioritizing the completion of our customers’ cars that have accumulated indefinitely due to the semiconductor shortage throughout the industry, ”Ford said in a statement.

The No.2 U.S. automaker said the Chicago assembly plant, which makes Explorer sport utility vehicles (SUVs), will be closed from the week of July 5 to the week of July 26. The plant will run two shifts in the week of Aug. 2 .- READ MORE

Listen to the insightful Thomas Paine Podcast Below –

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *