Ford Motor Co. plans to further cut production of its highly profitable F-150 pickup next week because of a part shortage roiling the auto industry, the company confirmed Thursday.
Ford is monitoring the status of a highly fluid situation involving semiconductor chips needed for technology in all vehicles now, said Kelli Felker, Ford global manufacturing and labor communications manager.
The Ford F-Series is the financial backbone of the 117-year-old company, worth about $50 billion in sales annually.
Now the Dearborn Truck Plant in Dearborn and the Kansas City Assembly Plant in Claycomo, Missouri, will be cutting shifts that build those trucks starting Monday.
GM to idle 3 plants in North America due to semiconductor shortage
General Motors is idling three of its assembly plants in North America and running a fourth in South Korea at half capacity for one week as it struggles with the ongoing semiconductor shortage that has already impacted production at Ford Motor Co., Stellantis and others globally.
On Monday, GM will idle the following plants which run two shifts for a week:
Fairfax Assembly and Stamping Plant in Kansas City, Kansas: About 2,000 hourly workers build the Chevrolet Malibu sedan and Cadillac XT4 SUV.
CAMI, Ingersoll, Ontario Canada: About 1,500 hourly workers build the Chevrolet Equinox SUV.
Semi Shortage Stings Ford, Forcing More Layoffs And Shift Reductions zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
Ford plans more production cuts
UAW layoffs at factories in Chicago, Ohio By Phoebe Wall Howard, The Detroit News
Published: January 31, 2021, 6:00am
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Ford Motor Co. has confirmed plans to cut production and temporarily lay off more UAW members at the Chicago Assembly Plant.
A UAW local official at the huge Illinois factory had urged workers to be careful with their money and prepare for the wage loss caused by a global supply chain problem, the Free Press first reported Thursday. The shortage is tied to manufacturing disruption worldwide because of COVID-19.
This latest confirmation from the Dearborn automaker now officially totals four states with layoffs or shift reductions triggered by a shortage in semiconductor chips: