«Ford» stops production of cars for two weeks

The company plans to reduce production of its F-150 pickup truck.

From the source

The global shortage of semiconductor chips has led to huge challenges for the auto industry in North America. Ford announced that it will stop production at its truck plant in Dearborn, Michigan, for a period of two weeks this April. It will also stop the assembly plant in North America. Kansas City, Missouri, starting next Monday.

The American company stated that it plans to temporarily suspend work and cancel planned overtime work in several of its other factories in North America, attributing this to the shortage of chips supplies.

According to a report in the Wall Street Journal, Ford was struggling to secure enough semiconductor chips, like other auto companies, as manufacturers of these components were exposed to the increasing demand from other industries.

The newspaper quoted the company as saying that it "plans to reduce the production of its pickup truck (F-150), which is the best-selling car in the country and the company's largest profit maker, due to the shortage in the supply of chips."

Ford indicated that global production losses from a shortage of chips during the first and second quarters of this year could cause its net profit to decrease by about $ 1 billion to $ 2.5 billion before tax.

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