Ford Motor Co’s second-quarter earnings could possibly be affected by the cessation of its three U.S. supplier’s facility due to fire, the company’s spokesperson said on Wednesday while speaking on annual profit estimate & affirming about the production suspension of its most popular pickup truck F-150 for some time.
Ford has decided to temporarily cease the production of the F-150 at their manufacturing units in Dearborn, Michigan, on Wednesday night. Already the truck production has been suspended in another Ford’s plant, located in outskirts of Kansas City, Missouri. These 3 plants were primarily handling the making of the popular pick-up truck F-150.
It should be mentioned that for more than 40 years, the F-150 truck has been the top-selling heavy-duty US vehicle produced & sold by any auto manufacturer. The Ford F-Series Super Duty truck has been a “key profit generator” for Ford Motor ever since it got introduced by the company.
“Our goal is to get production up and running as soon as possible,” said spokesperson Mark Truby.
“This is a fluid situation, but we are working closely with our supplier partners to do everything we can to limit the impact on our production,” said Joe Hinrichs, Ford’s president of global operations in a statement. “We’re confident that any impacts will be short term.” Courtesy: http://money.cnn.com/
The fire, which took place on May 2 at Ford’s supplier’s facility, is still under investigation led by local authorities for the reason that the cause of fire accident is still mysterious.
Besides Ford, some other big auto manufacturing companies also agonized by this accident, as these victim production units were supplying some auto parts & accessories to those big giants, the name includes General Motors Co, Fiat Chrysler Automobiles, Daimler AG and BMW AG.
Hinrichs said Ford has an 84-day supply of F-series pickups at U.S. dealers so “we don’t anticipate losing any sales.” He further added that believe, Ford should be easily able to cover the lost production by managing overtime production later in the year. Courtesy:https://www.reuters.com/
Fiat Chrysler said on Wednesday the fire affected production of the Chrysler Pacifica minivan in Windsor, Ontario, adding it was “adjusting production schedules as needed to minimize plant downtime (and) will make up any lost production.” Courtesy: https://www.reuters.com/
GM also got affected by this fire; the company’s spokesperson said on Wednesday that even they had temporarily halted production of their “Chevrolet Express” and “GMC Savana full-size vans” at their Wentzville, Missouri, and manufacturing units because of shortage in supply of the required auto parts.
Concomitant to these statements, Daimler and BMW also affirmed that they have also suffered minor production disturbance at their U.S. automobile plants in Alabama and South Carolina because of spare parts shortages from Meridian.
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