Ford (F) is temporarily reducing production of at least five models, including popular SUVs, due to a potential aluminum shortage, The Wall Street Journal’s Christopher Otts and Bob Tita report. A September fire at a Novelis plant in New York, which supplies 40% of U.S. auto-industry aluminum, caused the supply disruption, and while the plant isn’t expected to resume production of automotive-grade aluminum sheet until March or April, the company is looking to import aluminum from other countries. The SUV pause is set to last a week, according to a memo the company sent to workers and viewed by The Wall Street Journal.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on F: