When will Ford run out of F-150s?

11 May, 2018, 04:27 | Author: Kathy Ellis
  • Meridian fire causes parts shortages in US

A fire at a Ford supplier has put production of its most important vehicle, the F-150 pickup truck, at risk.

The auto maker is also pausing production of the Ford F-Series Super Duty, a larger version of the pickup truck, at its Kentucky Truck Plant in Louisville, but plans to continue production of the truck at another plant in Ohio.

Mercedes-Benz is affected by the fire as well. Mercedes' facilities in Alabama have adjusted hours in response to the supply interruption.

Reports from around the industry suggest that earlier this week, Ford had about 84 days' worth of F-Series inventory on hand.

Ford's executive Vice President and president of Global Operations said, "It's a full team effort and we're confident that any impacts will be short-term". The other assembly plant where the F-150 is built, in Dearborn, Mich., will also face temporary lay-offs, affecting approximately 4,000 workers.

Officials at Ford confirmed that Meridian is the producer of "front bolster", which reinforces the engine at the point in which the radiator is attached on its F-150, Expedition, Navigator and Super Duty trucks.

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If you were preparing to get your hands on a new Ford F-150 pickup truck, you may have to wait. The Kansas City facility employs some 3,600 people while the plant in MI has 4,000 employees.

A fire on May 2 at a Eaton Rapids, Michigan plant operated by Meridian Lightweight Technologies stopped production of die-cast components used in F-150 and Super Duty trucks. According to the analyst calculation, the enterprise value of the F series trucks is greater than that of the Ford as a whole.

The problem could be enormous for Ford, said the analyst. Ford says F-150 sales have been exceptionally strong so far in 2018.

Fiat Chrysler said the parts shortage has impacted production of the Chrysler Pacifica minivan at its Windsor, Ontario, plant, and it's adjusting production schedules to minimize downtime. If Meridian is able to begin producing parts again quickly, Ford will be able to make up for lost production time by adding extra shifts.

Wall Street is not anxious about the fire at the Ford Plant which caused cut backs on the production of the F-150. The absence of even one component is sufficient to halt the production chain. Financial firm Morgan Stanley recently evaluated that the value of the franchise was higher than that of the rest of the company.

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