Home » Money

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.



Woman arrested for stalking sent man 65k text messages
On Tuesday, she went to the man's place of work in Scottsdale , and was escorted from the building. "If he wants me to", she said. USA Today reports that Jacqueline met a dude on a blind date and he wasn't into it, but she believed she was in love with him.

UFC 224 results: Nunes breaks Pennington's nose and retains title
She landed 143 "significant strikes" compared to the challengers 28 and allowed Pennington just 40 seconds of control on the mat. Nunes had Pennington in retreat during the opening rounds, battering her lead leg to set up her boxing combinations.

Marcus Morris Knows he can Defend LeBron James
But, with the Cavs former superstar point guard in street clothes on the Celtics bench, this series becomes much more interesting. And in their mind, that means doing the seemingly unthinkable - eliminating LeBron James and the Cavs.

Black American bishop to give sermon at Royal Wedding
Aussies can catch its coverage on Channel 7 from 6PM, Channel 9 from 7PM, and ABC will stream it from 7:30PM as will SBS . The design to the right of the text also includes the rose, as this is also the national flower of the US.

Collegium reiterates recommendation to elevate Justice KM Joseph to Supreme Court
However, the Congress later withdrew the petition from the apex court after the chief justice referred it to a Constitution bench. The executive remains cut up about Justice Joseph having cancelled President's rule imposed by the Centre on the state.

Mourinho: United Won't Celebrate Premier League Second Position
Nevertheless, United will have a chance to finish the season with silverware, when they face Chelsea in the FA Cup on 19 May.

Trump fumes at Homeland Security head over immigration
Homeland Security's deputy secretary position is vacant, so there would be no immediate replacement if Nielsen were to step down. The Washington Post reported that Trump had berated Nielsen but that her colleagues said she had not threatened to quit.

Penelope Cruz received equal pay for Everybody Knows
Huma wore her hair in a sleek, no-fuss bun paired with a bright pink lip and neutral eye shadows. Joining Cate on at the screening was Chloe Sevigny - who went pretty in a silk black dress.

Kylie Jenner Has Change Since Stormi's Birth, Sister Kendall Jenner Says
Her beauty look consisted of tousled hair parted down the middle, soft bronze eye shadow, blush and a glossy pink lip. But the baby has "brought us closer together", aunt Kendall continued, about her relationship with Kylie .

Sanders Goes Off Over Questions About Trump Threatening to Strip Press Credentials
Sanders said U.S. is preparing to add more sanctions that may come as early as next week in addition to all the sanctions that were in place before the deal.