Relentless supply chain challenges continue at Ford Motor Co., the Dearborn automaker with major product launches this year amid both a global pandemic and a global parts supply shortage paralyzing the whole auto industry.
Yet again, the company has announced more factory changes to accommodate the lack of access to semiconductor chips that provide the smart technology needed to operate everything from driving safety features and cameras to infotainment systems.
Ford has the all-new Ford F-150, Ford Mustang Mach-E, Ford Bronco Sport and Ford Bronco. The company is under tremendous pressure to fill massive orders as dealers clamor for products.
Ford and Stellantis were the two big names this week as the total number of vehicles dropped from production due to the semiconductor shortages were tallied. General Motors was a distant third.
Ford turned a $3.26 billion profit in the first quarter, the highest since 2011, despite semiconductor shortages that disrupted production at its auto factories in the Calumet Region and across North America.
Ford made 1.7 million cars, pickup trucks and sport utility vehicles in the United States in 2020, or 188,000 more than any other automaker, accounting for about one in five vehicles manufactured in the U.S., according to IHS Markit s 2020 light vehicle production and sales data. Joseph S. Pete
The Dearborn, Michigan-based automaker, which operates the Chicago Assembly Plant and the Chicago Stamping Plant in the Calumet Region, brought in $36.2 billion in revenue and a record Earnings Before Interest and Taxes of $4.8 billion.
Semiconductor shortage extends shutdown of Chicago Ford plant through mid-May chicagotribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chicagotribune.com Daily Mail and Mail on Sunday newspapers.