Ford Motor Company (NYSE:F) has announced the restart of F-150 pickup truck production at the Dearborn, MI manufacturing facility. The company will also resume the production of F-150 pickup truck at a facility based in Kansas City, MO. It will also restart the production of F series trucks in Louisville, KY facility on Monday.
The company has halted the production of F-150 truck on May 7, 2018 owing to the shortage of parts. Meridian Magnesium plant has stopped the parts supply to Ford due to an explosion on May 2, 2018. The parts shortage also created production problems for other automakers too.
Ford and other contractors have helped the parts maker in removing the nineteen dies from the damaged production facility. The company has helped to repair and restart the production at auto parts maker.
The revenues of F-150 full-size pickup truck are estimated at $41 billion in the year 2017. It has accounted for 28% of the total sales of the company.
Production Halt is likely to cause a dip in Q2 Earnings of Ford Motor Company
Ford Motor Company is likely to report a dip in Q2 earnings this year due to shutting down of production at three plants. President (Global Operations) of Ford Joe Hinrichs said the production halts are short term.
Hau Thai Tang, Purchasing Director of Ford and Joe Hinrichs said the company is working with the parts supplier to repair the damaged plants and resume the production.
The company has made alternate arrangements to produce auto parts at Strathroy, Ontario based facility of Meridian Magnesium Products on a temporary basis for Super Duty Pickups and the well-received Ford F-150 pickup trucks. the Strathroy, Ontario based facility will also manufacture lightweight parts for Explorer, Navigator, Flex, Expedition, and MKT utility vehicles.
Ford Motor Company Recalls F-650 and F-750 vehicles To Fix The Faulty Parking Brake Cable
Ford Motor Company has issued a safety call for F-650 and F-750 vehicles in North America to fix the parking brake cable tension issues. The company is repairing the parking brakes to stop the unintended movement of the vehicle and prevent the accidents.
F-650 and F-750 vehicles are manufactured at its Ohio Assembly Plant during March 28 and April 17, 2018. The recall is for 151 vehicles.
This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.