Ford Halting F-150 production temporarily due to fire at parts supplier

by ObservationalHumor

One of Ford’s suppliers had a big fire at their plant sometime last week and as a result has shutdown production. Well that’s spilled over to Ford itself and they’re idling plants temporarily until it’s resolved. The fire itself took took place at a plant that produces magnesium parts and for those who don’t know a magnesium fire is not a pretty event as it burns quite hot (4000 deg F vs around 1100 deg F for wood). So it’s possible it will take a while to get things back to full capacity and there’s currently no ETA for when that is.

READ  Texas Storm Shut In As Much As 4 Million Bpd Of U.S. Oil Production

Source: www.freep.com/story/money/cars/ford/2018/05/08/ford-f-150-production-fire-supplier-meridian/592898002/

As anyone who follows Ford knows the F-150 is their big cash cow currently. I have to imagine they have insurance to cover these types of events but earnings might be lumpier over the next two quarters depending on when that ends up paying out and how long this outage persists for.

READ  Texas utility regulators will temporarily ban power companies from billing customers

 

Update – Four Months to get the plant as a whole rebuilt. Some of the plant is still working and has been reopened.

Source: www.lansingstatejournal.com/story/news/local/2018/05/09/plant-rebuilding/594751002/

736 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.