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Ford F-150 production could resume by next Friday

15 May, 2018, 15:28 | Author: Melinda Barton
  • Ford stops F-150 production due to parts shortage

Late Friday, Reuters reported that an unnamed source "familiar with the automaker's plans" said that the F-150 plants in Kansas City and Dearborn, Michigan, could restart production as soon as Friday, May 18.

Ford said it had been dealing with Chinese-owned Meridian to alter creation of those affected parts into additional suppliers until the fire-damaged plant might be repaired and production resumed.

How much could stopping production of the F-Series hurt Ford and dealers who rely on the popular pickup truck to generate huge sales?


When Ford announced that it had shut down the three pickup assembly lines, it also noted that its annual guidance of adjusted earnings per share between $1.45 and $1.75 would still hold. As a result, production was canceled Thursday and Friday. Ford had to stop production of the F-150 this week due to a parts shortage from a supplier.

Ford Motor's quarterly revenues will be impacted by shutdowns at three USA truck plants resulted due to a fire at a key parts supplier, the US automaker stated on Wednesday, while confirming its full-year earnings estimate. Production is expected to resume on a "modified production schedule" next week while Mercedes-Benz works with Meridian to restore production. An explosion and fire at Meridian's facility in Easton Rapids, Michigan, last Wednesday completely knocked production of components used in the instrument panel of the F-150. Ford's entire sales for the period were 804,232, down 3.3%. The stock's 12-month price target is $12.37.

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