Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Chip supply shortage could last serveral years

chemgear · 07-02-2021, 08:57 AM

https://www.cnbc.com/2021/06/30/chip...al-plants.html

Ford Motor is significantly cutting its North American vehicle production in July due to an ongoing shortage of semiconductor chips impacting the global automotive industry.

The automaker said Wednesday it will idle or reduce production at eight plants, including six in the U.S., for varying periods of time next month and into early August due to the problem. Affected products range from the Ford F-150 and Ford Bronco Sport to the Ford Mustang and Ford Explorer.

The cuts are the latest for Ford, which earlier this year said it expected to lose about 50% of its vehicle production in the second quarter due to the chip issue. Ford has said it expects to lose $2.5 billion in earnings and roughly 1.1 million units of production this year because of the problem.

07-02-2021, 08:57 AM	#19
chemgear Franchise Player Join Date: Feb 2010 Exp:	https://www.cnbc.com/2021/06/30/chip...al-plants.html Ford Motor is significantly cutting its North American vehicle production in July due to an ongoing shortage of semiconductor chips impacting the global automotive industry. The automaker said Wednesday it will idle or reduce production at eight plants, including six in the U.S., for varying periods of time next month and into early August due to the problem. Affected products range from the Ford F-150 and Ford Bronco Sport to the Ford Mustang and Ford Explorer. The cuts are the latest for Ford, which earlier this year said it expected to lose about 50% of its vehicle production in the second quarter due to the chip issue. Ford has said it expects to lose $2.5 billion in earnings and roughly 1.1 million units of production this year because of the problem.