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Feb 25 (Reuters) – Ford Motor Co (F.N) said on Friday it will halt production at its Kansas city assembly plant that makes F-150 pickup vehicles for a week due to global semiconductor shortages.
Ford’s F-150 plant in Dearborn, Michigan will continue to function, the automaker said.
F-150 is Ford’s top selling vehicle and, along with other large utility vehicles and vans, generates the bulk of the company’s global profit.
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Earlier this month, Ford said it would continue to idle some of its assembly plants in the week of Feb. 14 due to semiconductor bottlenecks. read more
A shortage of semiconductors that are used for everything from computer management of engines to driver-assistance features has hit several automakers across the globe forcing some to produce vehicles without certain features.
Shares in Ford, which more than doubled in market value last year, closed 4% higher on Friday, with the market rebounding for a second day from the sharp selloff leading up to Russia’s invasion of Ukraine.
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Reporting by Nathan Gomes in Bengaluru; Editing by Amy Caren Daniel and Shinjini Ganguli
Our Standards: The Thomson Reuters Trust Principles.