Ford to Shut Some North American Plants for Few Weeks on Chip Shortage

Ford to Shut Some North American Plants for Few Weeks on Chip Shortage
2020 Ford Explorer cars are seen at Ford's Chicago Assembly Plant in Chicago, Ill., on June 24, 2019. Kamil Krzaczynski//Reuters
Reuters
Updated:

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.