Apple Eyes AI Leadership in China by Partnering with Tencent and ByteDance for iPhone Integration 
Japan Core Inflation Rises as Food and Fuel Costs Soar Putting BOJ Under Rate Hike Pressure 
Economic Indicators from Auction Trends: What Car Auctions Reveal About Consumer Confidence 
The Crypto Market is Thrown into Chaos as XRP Plummets 12% & $1 Trillion is Wiped Out 
NVIDIA Tracks China’s H100 Chip Breach as Super Micro Computer Faces New Compliance Pressure 
Top AI Chip Stock Positioned for Explosive 2025 Growth, Jefferies Signals Major Upside 
China’s Nio Brings Firefly EV to Europe in 2025 to Challenge Mini and Smart 
Effective Crisis Management for iGaming Brands 
US Healthcare Costs Reached $4.9 Trillion in 2023 as Prescription Drugs and ACA Plans Drove Growth 
How Oil Prices Affect Currency Markets: A Guide for Traders 
Nike Battles Sliding Revenue With Bold Plans for Premium Sales and Revamped Retail Strategy Under New CEO 
Digital Real Estate: How SEO Expertise Becomes a Valuable Investment Asset in the Modern Economy 
Boeing Stock Poised for Quick Gains as TD Cowen Raises Target Price to $200 Amid Recovery Momentum 
Nintendo Switch 2 Dock Leak Hints at Faster Performance but 4K Output Reportedly Capped at 30 FPS 
Putin Admits Inflation Is 'Worrying' Despite Claims Russian Economy Is 'Stable' 
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.
List of plant locations to shut
The media outlet was able to obtain the internal memo containing the announcement of temporary plant closures. Based on the note, Ford facilities in seven locations will be shut and begin the reduction of operations.
Included in the list are the Chicago assembly plant (to close in the week of May 31 and operate on a reduced schedule in the week of June 7), the assembly plant in Flat Rock (down the weeks of May 31 and June 7), the truck facility in Dearborn and truck line in Kansas assembly plant (down the weeks of May 31 and June 7 but will operate on a reduced schedule the week of June 14).
The plant in Mexico will be down the weeks of June 21 and June 28 while the one in Kentucky will be down starting the week of May 31 until the week of June 28. The assembly complex in Canada will be shut starting the week of May 31 until June 21 and lastly, the assembly plant in Ohio will only make Super Duty Chassis cabs and Medium Duty trucks in the weeks of May 31, June 7 and June 14.
The affected Ford models
The vehicles that will be impacted by the temporary plant closures are the Ford Mustang, Escape crossover, F-150 pickup trucks and Bronco Sport SUV. At any rate, the company is aware that it will take a while before the chip supply could return to normal.
“Our teams continue making the most of our available semiconductor allocation and will continue finding unique solutions to provide as many high-quality vehicles as possible to our dealers and customers,” Ford Motor said in an emailed statement to CNBC.
