DETROIT – Ford Motor is considerably slicing its North American car manufacturing in July on account of an ongoing scarcity of semiconductor chips impacting the global automotive industry.
The automaker mentioned Wednesday it would idle or cut back manufacturing at eight vegetation, together with six within the U.S., for various intervals of time subsequent month and into early August because of the downside. Impacted merchandise vary from the Ford F-150 and Ford Bronco Sport to the Ford Mustang and Ford Explorer.
Individually, the automaker mentioned manufacturing of the Ford Ranger pickup and new Ford Bronco SUV, which not too long ago began delivery to sellers, at its Michigan Meeting plant can be down the weeks of July 5 and July 26 on account of “an unrelated half scarcity.” An organization spokeswoman declined to reveal additional particulars.
The cuts are the most recent for Ford, which earlier this yr mentioned it anticipated to lose about 50% of its vehicle production within the second quarter because of the chip problem. Ford has mentioned it expects to lose $2.5 billion in earnings and roughly 1.1 million models of manufacturing this yr due to the issue.
In an announcement Wednesday, Ford mentioned the most recent manufacturing cuts because of the chip scarcity are being executed to prioritize “prospects’ automobiles that have been assembled with out sure components because of the industry-wide semiconductor scarcity.”
The impacted automobiles and vegetation are as follows:
The continuing semiconductor chip scarcity is predicted to price the worldwide automotive {industry} $110 billion in revenue in 2021, in line with consulting agency AlixPartners.
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