Ford F-150 production could resume by next Friday

Randal Sanchez
May 12, 2018

The company is working with Meridian and other suppliers to minimize the disruption.

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. Super Duty pickup assembly in Louisville, Kentucky, will remain idle but workers will keep producing big SUVs.

FBN's Jeff Flock on Ford halting production of the F-150 truck.

"FCA confirms that production of the Chrysler Pacifica at the Windsor Assembly Plant has been impacted as a result of the fire at a Michigan-based supplier last week", stated the FCA spokesperson.

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Although near-term profits will weaken due to the shutdown, current inventory levels of the two vehicles, combined with accelerated production after facilities come back online, should make up for any initial shortfall.

Also on Friday, " Mercedes-Benz claimed SUV creation in its Alabama plant discontinued on Thursday as a result of parts shortages caused by the same May 2 fire in a Meridian Magnesium Products plant in Eaton Rapids, Michigan. The plant is expected to reopen next week on a modified production schedule, but when it will be able fully to restart production remains unclear.

Ford's F-series trucks are among the hottest selling vehicles in the United States, with 287,295 sold so far in 2018. Ford's entire sales for the period were 804,232, down 3.3%.

Ford shares closed down 1.9 percent at $11.06. The stock's 12-month price target is $12.37.

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