Abstract: Chip supply shortage continues to plague the big automaker Ford, Ford was forced to suspend 8 production lines starting next week (February 7), and the rest of the production lines maintained a single-shift system and continued low production. This also directly led to another 9% decline in Ford's stock price, and all the gains in the past three months were zero.
Chip supply shortages continue to plague the automaker Ford, which was forced to suspend eight production lines starting next week (February 7), while the rest of the production lines maintained a single-shift system and continued low-level production. This also directly led to another 9% decline in Ford's stock price, and all the gains in the past three months were zero.
A Ford spokesman said it would close eight production lines in the United States, Canada and Mexico from next week because there were no chips to produce vehicles.
Ford noted in a statement that supply chain issues will result in capacity and sales not being up to standard this quarter, warning investors in advance. Ford's stock price has also reacted in advance, and Ford's stock price has continued to fall over the past week, from an all-time high of $25 per share in mid-January to only $17.96 per share remaining.
Production lines in Michigan, Chicago and Mexico will be completely suspended, and the F-150 pickup truck production line in Kansas will also be idle, leaving only a single shift of employees to continue production of Transit vans.
Single-shift and reduced production mechanisms will also be extended to plants in Dearborn, Kentucky and Louisville, and overtime will be banned in Canada.
All related production cuts will be implemented from February 7, US time, and seeing that production and sales in the first quarter will be unprecedentedly fierce, Ford still gives investors a good news: "In the second half of 2022, production capacity and sales will grow significantly." ”
Source: technews
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