Wall Street Not Worried About Ford's Cutback to F-150 Production

Meridian fire causes parts shortages in US

Meridian fire causes parts shortages in US

Ford is halting production of its popular F-150 pickups after a fire at a parts provider interrupted the supply line. Also hindered is the automaker's F-Series Super Duty production at its Kentucky Truck Plant, but Super Duty work is expected to continue at the Ohio Assembly Plant.

Other vehicle manufacturers are also affected, including Mercedes, BMW, and General Motors. Mercedes' facilities in Alabama have adjusted hours in response to the supply interruption.

Ford dealers and distribution chains now have 84 days' worth of supply, which Ford told The Detroit News should be sufficient to fill the demand. "We're confident that any impacts will be short term".

The F-150 production has been suspended at their Kansas City, Missouri, plant and will be suspended by the end of the shift Wednesday at their Dearborn, Michigan, plant.

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The F-150 is Ford's best-selling vehicle and is the source of most of the automaker's global profit. The two plants employ around 7,600 people total.

The truck is only built at two US sites.

Repercussions are starting to be felt on Windsor-Essex production lines from last week's fire at the Meridian Magnesium plant in Lansing, Michigan.

"For Ford, this is potentially enormous, It's just tragic", said Abhay "Abe" Vadhavkar, director of manufacturing, engineering and technology at the Center for Automotive Research in Ann Arbor.

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Wall Street is not anxious about the fire at the Ford Plant which caused cut backs on the production of the F-150.

While the downtime is relatively significant, the Blue Oval says the overall impact to F-150 sales will be minimal.

Ford executives on Wednesday declined to say how long production will be suspended, although it could be knocked out for several weeks, a person familiar with the situation told Bloomberg. However, that may change depending on the length of the production halt, which has not yet been determined.

The halt in production was caused by a May 2 fire at a MI based parts factory that rippled through the auto industry of North America, with Ford being the hardest hit.

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Ford has sold 287,000 F Series trucks in the United States in the first four months of this year, up 4% compared to a year ago.

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