Bronco SUVs in manufacturing at Ford’s Michigan Meeting plant, June 14, 2021.
Michael Wayland | CNBC
DETROIT – Ford Motor is reducing manufacturing subsequent week of a number of key merchandise because of an ongoing international scarcity of semiconductor chips.
The automaker on Friday showed manufacturing downtime subsequent week for the Ford Bronco and Explorer SUVs; the Ford F-150 and Ranger pickups; the Ford Mustang Mach-E electrical crossover; and the Lincoln Aviator SUV at crops in Michigan, Illinois, Missouri and Mexico because of the portions scarcity.
The automaker is also reducing some productions of the F-150 and Ford Transit shipment trucks at crops in Michigan and Missouri.
The cuts sign the chip scarcity that devastated the car business closing yr continues to linger. They arrive an afternoon after Ford considerably ignored Wall Side road’s income expectancies because of lower-than-expected manufacturing led to by way of the availability chain problems, inflicting stocks to tumble 9.7% on Friday.
“The worldwide semiconductor scarcity continues to impact Ford’s North American crops – together with automakers and different industries all over the world,” Ford mentioned in an emailed observation. “At the back of the scenes, we have now groups operating on maximize manufacturing, with a persisted dedication to construction each and every high-demand automobile for our consumers with the standard they be expecting.”
The truth that Ford is reducing a few of its maximum winning and in-demand fashions such because the Bronco, Mach-E and F-150 presentations automakers proceed to struggle with the issue regardless of many within the business anticipating a gentle development within the provide of chips in 2022.
Ford offered 1.9 million automobiles within the U.S. in 2021, down by way of 6.8% because it controlled thru an international scarcity of semiconductor chips. The portions drawback compelled Ford and different automakers to sporadically shutter crops and depleted automobile inventories.
After expanding by way of more or less 140% in 2021, stocks of Ford are down by way of 13.5% this yr.
