May 24, 2018

Ford F-150 Production Suspended

11 May 2018, 01:13 | Lionel James

The fire took place last week at Meridian's 208,000-square-foot plant in Eaton Rapids Mich. near Lansing

The fire took place last week at Meridian's 208,000-square-foot plant in Eaton Rapids Mich. near Lansing

Ford said earlier Wednesday that it halted production of Super Duty trucks - the F-250 through F-750 pickups - at factories in OH and Kentucky, but Hinrichs clarified that production of those models only stopped in Kentucky.

Ford Motor suspends F-150 production, and this news came in air on Wednesday evening.

A company spokesperson said he doesn't know when production will begin again.

Ford sold 73,104 F-150s in April and 287,295 F-Series trucks in the USA in the first four months of the year, up 4 percent from last year.

The fire, whose cause is under investigation by local authorities, triggered smaller production disruptions to other vehicle manufacturers, including General Motors Co., Fiat Chrysler Automobiles, Daimler AG and BMW AG, the companies confirmed to Reuters on Wednesday. "It's a full team effort and we're confident that any impacts will be short term".

Ford claims that it only accounts for less than a third of the output from the Meridian plant.

"We have strong inventories of America's best-selling F-Series pickup".

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Ford said it is working with its supply base to offset the impact, but it acknowledges the shortage of die-cast components is a big blow.

Ford officials said there are backup machines to make the parts they can't get, but it won't be enough to get plants that make about 1,000 vehicles each day back up and running for any length of time.

"The F-Series platform is critically important to Ford", said Emmanuel Rosner, an analyst with Guggenheim Securities LLC.

Stock prices have risen since Ford announced the cutback on the truck.

The fire, which took place at Meridian Lightweight Technologies' facility in Easton Rapids, Mich., compromised a number of critical components for the production of the F-150.

Last month, Ford sold more than 73,000 F-series pickups with a majority being the F-150 model. This would be a temporary halt of all production of the nation's bestselling vehicle. Super Duty production at Ford's Avon Lake, Ohio plant has not been impacted thus far.

F-150 trucks are a multibillion dollar enterprise.

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