Ford suspends production of F-150 trucks

Meridian fire causes parts shortages in US

A fire at a Chinese-owned auto parts plant in MI has cut off supply of key components and disrupted production of crucial Ford Motor Co. and Daimler AG models, with the US automaker already saying it'll hurt profit in the second quarter.

But because of the parts interruption, Ford has suspended production of the F-150 and F-Series Super Duty truck at its Louisville, Kentucky plant. The company has an 84-day supply of F-150 on dealer lots nationwide so there shouldn't be any shortages, though buyers after a specific trim, engine, and body configuration might be out of a luck if inventory falls under a 50-day supply. "We're confident that any impacts will be short term". The other assembly plant where the F-150 is built, in Dearborn, Mich., will also face temporary lay-offs, affecting approximately 4,000 workers. It halted production in Dearborn, Michigan, and Kansas City, Missouri.

The F-150 is Ford's best-selling vehicle and is the source of most of the automaker's global profit.

Authorities said there were explosions at the plant and two workers were hurt.

Ford says one F-150 comes off the line every minute between the two plants.

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Repercussions are starting to be felt on Windsor-Essex production lines from last week's fire at the Meridian Magnesium plant in Lansing, Michigan. The article also states that these trucks should keep Ford dealers stocked for several weeks.

Depending on how severely the parts shortage affects Ford, competitors may be able to entice truck shoppers with increased incentives.

"This is an incredibly fluid situation", Felker said. Ford said it relies on less than one-third of the parts output produced at the Meridian plant.

Ford on Wednesday was forced to suspend all production of the F-150 after a fire at a key supplier's manufacturing facility. Financial firm Morgan Stanley recently evaluated that the value of the franchise was higher than that of the rest of the company. Since there trucks don't have the same production volume as the more popular consumer models including the F-150, F-250 and F-350, the OH plant will be able to go the longest on the inventory of parts on hand. However, that may change depending on the length of the production halt, which has not yet been determined.

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