Ford Restarts F150 Truck Series Production After Fire
17 May, 2018, 03:39 | Author: Regina Silva
Ford Motor Co.is resuming production of F-150 and Super Duty trucks ahead of schedule at three assembly plants after a fire earlier this month at one of its supplier's facilities created a parts shortage. Production of the F-Series Super Duty will fully resume on Monday at the Kentucky Truck Plant and the Kansas City Assembly Plant.
Production of the Expedition and Navigator SUVs continues without interruption at Louisville, Ford said.
In a media briefing on Wednesday, Ford executives said the May 2 fire at the Meridian Magnesium Products plant in Eaton Rapids, Michigan, affected several automakers, but its team was the first to enter the fire-damaged plant "while it was still smoldering". Ford backed its full-year earnings guidance of $1.45 to $1.70 per share.
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In order to move the die, they enlisted the help of one of the largest cargo planes in the world - an Antonov An-124 - and the entire process only took 30 hours door-to-door. This quick reaction time enabled the company to recover, fix and validate most of the dies that were at the Eaton Rapids facility.
Despite the quick turnaround, Ford expects that the production stoppage would reduce profits by 12 to 14 cents per share in second quarter.
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