I wouldn't be waiting for a better deal or increase in dealer inventory anytime soon. I would not want one of those held trucks personally.
Ford to cancel shifts, partially assemble some vehicles in global chip shortage
Ford to cancel shifts, partially assemble some vehicles in global chip shortage
- Ford (NYSE:F) says it will continue for now to assemble its flagship F-150 pickup trucks and Edge SUVs in North America but without certain parts due to the global semiconductor chip shortage, while it cancels shifts at two assembly plants.
- Ford says the chip shortage, combined with the shortage of a part caused by last month's U.S. winter storm, will prompt it to build the vehicles - numbering "in the thousands" - and then hold them "for a number of weeks" until the parts are available.
- The production cancellations include three shifts through Friday at a plant in Kentucky that produces the Ford Escape and Lincoln Corsair SUVs.
- Ford also confirms downtime earlier this month as well as a day next week at a plant in Germany that produces the Ford Fiesta.
- Ford has said the chip shortage could lower its earnings by $1B-$2.5B this year.