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.


Nasdaq Falls as Oil Prices Surge Ahead of Bank Earnings
Syndax Stock Drops 15% After Axatilimab Trial Failure
RBA Signals More Rate Hikes as Inflation Risks Rise
Orsted to Take Full Ownership of UK Offshore Wind Farm for £15 Million
Binance to Shut Down Crypto Mining Pool Services on November 10
Trump Calls for Zelenskyy Replacement Amid Russian Diesel Deal
US Stock Futures Rise as Oil Prices Fall Ahead of Q3 Earnings
Global Stocks Mixed as Oil Falls Ahead of US Earnings
TSMC Profit Set to Surge 65% as AI Chip Demand Drives Record Earnings
Asian Currencies Steady as Dollar Nears 18-Month High Ahead of US CPI
Canton Network Expands in South Korea With Major Partnerships
Bank of America Predicts Yen Rebound as USD/JPY Faces Risks
Samsung, SK Hynix Shares Plunge as China Chip Competition Grows
Oil Prices Fall as Russia Signals Higher Diesel Exports
European Stocks Rise as Oil Prices Fall Ahead of US CPI
Oil Prices Fall as Trump Ceasefire Claim Shifts Market Focus to U.S. CPI 



