Ford Motor Co said on Wednesday several of its North American factories will be shut for a few weeks in July and August due to a global shortage of semiconductors.
The supply crunch would cost it $2.5 billion this year and halve vehicle production in the second quarter, the Dearborn, Michigan-based company had said in April.
“While we continue to manufacture new vehicles, we’re prioritizing completing our customers’ vehicles that were assembled without certain parts due to the industry-wide semiconductor shortage,” Ford said in a statement.
The No.2 U.S. automaker said its Chicago assembly plant, which makes the Explorer sport utility vehicles (SUVs), will be shut from the week of July 5 to the week of July 26. The plant will run two shifts during the Aug. 2 week.- READ MORE
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