Bronco SUVs in manufacturing at Ford’s Michigan Meeting plant, June 14, 2021.
Michael Wayland | CNBC
DETROIT – Ford Motor is chopping manufacturing subsequent week of a number of key merchandise because of an ongoing world scarcity of semiconductor chips.
The automaker on Friday showed manufacturing downtime subsequent week for the Ford Bronco and Explorer SUVs; the Ford F-150 and Ranger pickups; the Ford Mustang Mach-E electrical crossover; and the Lincoln Aviator SUV at crops in Michigan, Illinois, Missouri and Mexico because of the portions scarcity.
The automaker is also chopping some productions of the F-150 and Ford Transit shipment vehicles at crops in Michigan and Missouri.
The cuts sign the chip scarcity that devastated the automobile business closing yr continues to linger. They arrive an afternoon after Ford considerably ignored Wall Boulevard’s income expectancies because of lower-than-expected manufacturing led to by way of the availability chain problems, inflicting stocks to tumble 9.7% on Friday.
“The worldwide semiconductor scarcity continues to have an effect on Ford’s North American crops – in conjunction with automakers and different industries around the globe,” Ford mentioned in an emailed remark. “In the back of the scenes, now we have groups running on the way to maximize manufacturing, with a endured dedication to construction each and every high-demand automobile for our shoppers with the standard they be expecting.”
The truth that Ford is chopping a few of its maximum winning and in-demand fashions such because the Bronco, Mach-E and F-150 presentations automakers proceed to struggle with the issue in spite of many within the business anticipating a gentle growth within the provide of chips in 2022.
Ford offered 1.9 million automobiles within the U.S. in 2021, down by way of 6.8% because it controlled thru a world scarcity of semiconductor chips. The portions downside pressured Ford and different automakers to sporadically shutter crops and depleted automobile inventories.
After expanding by way of more or less 140% in 2021, stocks of Ford are down by way of 13.5% this yr.
