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Staff of Reuters 2 minutes FILE PHOTO: 2020 Ford Explorer automobiles are shown on June 24, 2019 at Ford’s Chicago Assembly Plant in Chicago, Illinois, United States. REUTERS/Kamil Krzaczynski/Reuters/Reuters/Reuters/Reuters/Reuters/Reuters/Reuters/Reuters/Reuters/Reuters/Reuters/Reuters/Reuters/Reuters/Reuters/Reuters/Reuters/Reuters/Reuters/Reuters Due to a global scarcity of semiconductors, Ford Motor Co announced on Wednesday that several of its North American manufacturing will be closed for a few weeks in July and August. The Dearborn, Michigan-based business stated in April that the supply shortage will cost it $2.5 billion this year and result in a halving of vehicle output in the second quarter. “We’re prioritizing completing our customers’ vehicles that were constructed without specific parts owing to the industry-wide semiconductor shortage,” Ford stated in a statement. The second-largest carmaker in the United States said that its Chicago assembly facility, which produces Explorer sport utility vehicles (SUVs), will be closed from July 5 to July 26. During the week of August 2, the factory will operate in two shifts. The business also said that the production line for one of its best-selling cars, the F-150 pickup truck, would be shut down for a few weeks at its Kansas City assembly facility next month. Due to a scarcity of specific vehicle parts, Ford’s Michigan assembly factory, which recently began selling its Bronco SUVs, will be closed for two weeks in July, the firm stated, stressing that this was unconnected to the chip issue. In mid-afternoon trade, Ford’s stock was down about 1%. Ankit Ajmera in Bengaluru contributed reporting, and Ramakrishnan M. edited the piece./nRead More

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