Money
Chip shortage forces the closure of Ford plants in North America
Ford has confirmed it has shut several of its North American factories for a few weeks in July and August due to a global shortage of semiconductors
The supply crunch is set to cost the automotive company $2.5 billion this year and halve vehicle production in the second quarter.
“While we continue to manufacture new vehicles, we’re prioritizing completing our customers’ vehicles that were assembled without certain parts due to the industry-wide semiconductor shortage,”
Ford said in a statement.
Ford confirmed that its Chicago assembly plant, which makes the Explorer SUV’s will be shut from the week of July 5 to the week of July 26.
The company said it would also shutter the production line for one of its best-selling vehicles, the F-150 pickup truck, at its Kansas City assembly plant for a few weeks next month.