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Ford to droop or minimize output at 8 of its factories because of chip scarcity By Reuters


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© Reuters. FILE PHOTO: An meeting employee of Ford Motor works on an F-series pickup truck on the Dearborn Truck Plant in Dearborn, Michigan, U.S., January 26, 2022. REUTERS/Rebecca Prepare dinner/File Picture

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SAN FRANCISCO (Reuters) – Ford Motor (NYSE:) plans to droop or minimize manufacturing at eight of its factories in the USA, Mexico and Canada all through subsequent week due to chip provide constraints, a spokeswoman instructed Reuters on Friday.

The modifications come a day after the Detroit automaker warned a chip scarcity would result in a decline to automobile quantity within the present quarter.

Manufacturing at factories in Michigan, Chicago and in Cuautitlan, Mexico will probably be suspended. In Kansas Metropolis, manufacturing of its F-150 pickup vehicles will probably be idled whereas one shift will run for manufacturing of its Transit vans.

The Detroit automaker will even run a single shift or a diminished schedule at its factories in Dearborn, Kentucky and Louisville, whereas eradicating extra time at its Oakville manufacturing unit in Canada.

All modifications will probably be in place for the week starting Feb. 7.

Ford shares slumped on Friday, after the automaker posted smaller-than-expected quarterly earnings and forecast a slower restoration in 2022 automobile manufacturing than rival Basic Motors (NYSE:)

Nevertheless, the corporate mentioned it anticipated automobile quantity to enhance considerably within the second half.

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