AUTOMOTIVE

GM, Ford to idle two Michigan meeting vegetation following week

In another Michigan plant announcement, Ford Motor Co. on Thursday acknowledged it might halt manufacturing at its Flat Rock Meeting Plant in suburban Detroit subsequent 7 days, through which it builds the Mustang, due to to a world semiconductor lack.

The automotive market is grappling with a world extensive chip lack introduced on by the COVID-19 pandemic that has pressured firms to scale back creation, although increased automotive prices have partly offset its have an effect on.

The automaker had warned earlier month that the chip lack would result in a decline in automotive or truck volumes within the present quarter.

Earlier thirty day interval, Ford halted technology at its Kansas metropolis meeting plant that might make F-150 pickup autos for a 7 days owing to the chip scarcity.

Creation at Ford’s different North American vegetation will keep on as common.

Hannah Lutz and Reuters contributed to this report.

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