Ford slashing production and closing plants as chip shortage continues
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Thursday, May 20, 2021 6:46 AM UTC
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Ford will be cutting its production and temporarily shutting down a number of its plants in the U.S. and Canada. The main reason for the move is the ongoing global chip shortage that apparently has yet to be solved.
Ford is really feeling the effects of the prolonged semiconductor shortage now and it was left with no choice but to reduce assembly works as the chips are an important part of its vehicles. The American automaker issued the notice of plant shutdowns and slash on production just a day after President Joe Biden visited the company’s Rouge Electric Vehicle Center, as per Fox Business.