Ford will pause production next week at a Michigan plant that produces Mustangs due to the ongoing chip shortage.
Ford Motor Co. will pause production next week at a Michigan plant that produces Mustangs due to the ongoing chip shortage.
“The global semiconductor shortage continues to affect Ford’s North American plants,” the auto maker said in a statement Thursday. “Behind the scenes, we have teams working on how to maximize production, with a continued commitment to building every high-demand vehicle for our customers with the quality they expect. All of our North American plants will run the week of April 4, except Flat Rock Assembly Plant.
The Flat Rock, Mich., facility started producing the 2022 Ford Mustang in January, but production has been halted multiple times this year due to supply-chain constraints. Ford plants in Ohio and Kentucky have also halted production at times this year. In February, Ford warned in its fourth-quarter earnings report that its production would likely see a “low double-digit net decline in the first quarter,” citing “persistent supply-chain disruptions.” Still, Ford said it expected 10% to 15% full-year wholesale gains in 2022.
Ford shares F, -2.08% fell 2% Thursday and are down nearly 19% year to date, but are up 39% over the past year, compared to the S&P 500’s SPX, -1.57% 5% decline in 2022 and 13% gain over the past 12 months.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ram 1200 small pickup rumored on its way to fight Ford MaverickA report out of Brazil from Auto Segredos (translated), picked up by CarBuzz, claims the U.S. is going to get a baby Ram pickup. The outlet was part of a gr
Read more »
Pickup Comparison: 2022 Ford Maverick vs Hyundai Santa CruzPickup Comparison of the 2022 Ford Maverick vs Hyundai_Global Santa Cruz. Which comes out on top in this head-to-head of two of the hottest utes of the moment? — via drivingdotca autonews auto pickuptrucks automotive
Read more »
Ford Focus ST-Line Vignale 1.0 Ecoboost MHEV 2022 UK review | AutocarThree cylinders and mild hybrid power might sound feeble on paper, but it works really well in what remains a cheeringly fun family hatchback that has learned some more modern tricks. Ford Focus ST-Line Vignale 1.0 Ecoboost MHEV UK first drive review
Read more »
Ford Develops Traffic Lights That Go Green For Emergency Vehicles | CarscoopsFord Develops Traffic Lights That Go Green For Emergency Vehicles | Carscoops carscoops
Read more »
This Ford Bronco Dealt With A 43-Foot Jump Like A Champ | CarscoopsThis Ford Bronco Dealt With A 43-Foot Jump Like A Champ | Carscoops carscoops
Read more »