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published in Blogs
Jun 30, 2021
Ford (F, $14.86) halting production in Michigan factory, curbing output in 8 other plants

Ford (F, $14.86) halting production in Michigan factory, curbing output in 8 other plants

Automaker Ford  is reportedly suspending production at the Michigan factory. Also, it is reducing production at eight additional factories owing to the global semiconductor shortage.

The  Michigan plant that makes the Bronco and Ranger pickup will be closed during the weeks of July 5 and July 26 (as reported in Bloomberg). It is not due to the chip shortage.

Ford is also limiting production at eight additional factories in July and August due to the global chip shortage. The company was diverting its scarce semiconductor supply to be used for completing nearly finished vehicles.

Ford’s Chief Executive Jim Farley revealed this month that the company  had received 190,000 reservations for the Bronco, and around 125,000 had been converted to orders to build the new SUV.

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