Ford stops all production of F-Series pickup, maintains earnings guidance

Ford stops all production of F-Series pickup, maintains earnings guidance

Ford stops all production of F-Series pickup, maintains earnings guidance

Production fo the F-Series Super Duty is also down at the Kentucky Truck Plant.

Earlier this week, the U.S. automaker said another 3,600 workers at its F-150 facility in Kansas City, Missouri, were being laid off.

Ford sold 287,000 units of the F-Series trucks during the first four months of 2018, an increase of 4% in comparison with past year.

It should be noted that Meridian is looking for a new facility to set up stamping operations, but that takes time and until the company produces more chassis components, Ford F-Series production is halted. Company management said it's working to get back up and running as quickly as possible.

Ford expects Super Duty production to continue at Ohio Assembly Plant in Avon Lake, it said. A Ford spokeswoman said on Wednesday the automaker is working closely with the supplier to get production restarted. "We're confident that any impacts will be short term".

A fire last week at the Meridian Lightweight Technologies plant in MI has led to parts shortages at a number of carmakers' plants and dealers in the US. The shortage is affecting multiple Ford plants, including the one in Claycomo. AutoData reports Ford had an 84-day supply of F-Series trucks at the end of April, giving plenty of leeway in the supply chain.

However, if the shutdown lasts over a month, buyers could have trouble finding the version of the truck that they are looking for. Those shortages are typical when vehicle inventory falls below 50 days.

In a call with reporters Wednesday evening, Hinrichs said the company did not yet know the financial impact of the production shutdowns. The company recently said it plans to phase out most sedans from its North American lineup. But the company acknowledged that the shortage is expected to hurt its near-term results.

The fire destroyed this plant in Eaton Rapids, Michigan. Disastrous effects of this fire was also affected the production of Fiat Chrysler and Mercedes. Among the top competitors to the F-150 are GM's Chevrolet Silverado, the GMC Sierra 1500, the Dodge Ram 1500, and the Toyota Tundra.

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