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Semiconductor Shortage: Where Jim Cramer Sees a Solution
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Ford (
F) - Get Report will extend downtime at several North American factories amid the worldwide semiconductor shortage that has hampered auto production and threatened global supply chains.
The automaker s plants in Chicago, suburban Detroit and Kansas City, Mo., will be idled the weeks of May 3 and May 10. An SUV plant in Ontario will also take an extra week of downtime in early May. Ford s North American plants continue to be affected by the global semiconductor shortage - along with automakers and other industries around the world, John Savona, Ford s vice president of manufacturing and labor affairs, wrote in a memo to employees that was obtained by The Detroit News. As you build every vehicle you can for our dealers and customers, our teams behind the scenes are working hard to source additional parts.
The ongoing semiconductor shortage that has hampered auto production worldwide has prompted Ford Motor Co. to extend previously-announced downtime at several of its plants in the coming weeks, the company confirmed Wednesday.
The Dearborn automaker s Chicago, Flat Rock and Kansas City assembly plants in Illinois, Michigan and Missouri, respectively, will be down the weeks of May 3 and May 10. During that period, Ford s Ohio Assembly Plant in Avon Lake will produce only Super Duty Chassis cabs and medium-duty trucks, according to a spokeswoman.
The Chicago plant builds the Ford Explorer, Police Interceptor Utility and Lincoln Aviator. Flat Rock builds Mustangs. And Kansas City builds the profit-rich F-150 pickup truck and the Transit commercial van.
As a global semiconductor shortage continues to impact automakers worldwide, Ford Motor Co. has announced more shutdowns at several of its U.S. assembly plants, including its Kentucky Truck Plant.
Company spokeswoman Kelli Felker said a fire at a supplier facility in Japan and severe winter storms in Texas are driving additional changes at Ford, which already has had schedule changes and closures at multiple plants this year.
Two weeks will be added to the previously announced shutdown starting April 12 at the Chicago Assembly Plant, Flat Rock Assembly Plant and Kansas City Assembly Plant. All three will be closed through the week of April 26, according to Felker s statement Wednesday.
Ford Motor Co announces more closures at multiple US assembly plants
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