Meridian fire causes parts shortages in US

Ford F150

The Detroit Free Press is reporting that Ford is saying the fire at Meridian Magnesium Products of America has greatly impacted its production of the F-150 pickup truck.

In the statement announcing the shutdown of F-150 production, the automaker does not note when production at either plant would resume. Morgan Stanley recently estimated that the F-150 alone may be worth more than the whole company. Those are the only plants that make the truck.

"Kansas City Truck who we send our engines to have components that they received from Meridian who caught fire and what's happened is we have Thursday and Friday down, as of right now", said Unifor 200 president John D'Angelo.

The F-Series pickups have always been the top-selling vehicles in the U.S. - and for Ford, they're a license to print money. Dearborn is the primary assembly plant for F-150 production and employs around 4,000 workers.

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

General Motors, Fiat Chrysler, BMW and Mercedes-Benz also said output has been disrupted. GM has halted production of the Chevrolet Express and GMC Savana full-size vans at its Wentzville, Missouri, factory, but continues to build Chevy Colorado and GMC Canyon pickups there. Ford was able to recover the 19 tool sets it needs to restart production of components from fire scene, but it will take time to restart the supply chain.

Life's a beach for Rory McIlroy as he aims for Players win
But it is the pride at stake that makes this tournament an important highlight on any resume, including those of major winners. Anirban was even par on Friday previous year , as he walked up to the 18th tee box.

Ford Motor suspends F-150 production, and this news came in air on Wednesday evening.

The supplier's fire is affecting other automakers. A Ford spokeswoman said on Wednesday the automaker is working closely with the supplier to get production restarted, but declined to provide details.

Ford said its annual guidance of adjusted EPS between $1.45 and $1.75 would still hold.

Insiders suggest the assembly lines could remain idle for several weeks as Ford tries to source the missing parts from elsewhere.

"We are now following our safety protocols and working alongside state agencies and utilities to ensure that resumption of operations will be done in safe manner".

Rising interest rates could also bring people into showrooms sooner rather than later, Krebs said.

Related News:



Most liked

Walmart could be neglecting a key business by purchasing Flipkart
At present, the retailer operates in 9 states and 19 cities and the future expansion is focused on more or less the same geographies.

Apple given permission to use drones to improve Apple Maps
This could be a precursor to the company's recently announced plan to develop flying taxis. "I do think it's a big step forward". Deliveries in the Memphis proposal involve only aircraft parts at the airport and the 4,500-acre Shelby Farms Park in Memphis.

At least 21 dead after flower-farm dam bursts in Kenya
Nakuru governor Lee Kinyanjui said: "We will do our best to take affected families to safety and help them get medical attention". The United Nations Office for Coordination of Humanitarian Affairs has so far recorded 2,942 cases of the virus, with 55 deaths.

Federal Geologists: Hawaii Volcano Could Have Explosive Eruption
The evacuees have been provided shelter at two community centers near the town of Pahoa on the Big Island. At least 36 structures - including 26 residences - have been destroyed since then.

Gates and Buffett bully bitcoin
However, as he spoke, Bitcoin , the largest cryptocurrency , had added $2,563.48 to its value in the last month, marking a price hike of 37.9%.

Warriors advance Western Conference Finals
At one point, it seemed like a sure thing that Derrick Favors would go elsewhere when he became a free agent after the season. When it's May and buckets are hard to come by and everyone is running on fumes, you need a superstar to take over the game.

Magazine ranks Haas Hall at top
OSHS ranked #1476 out of the 22,000 schools examined, meaning it ranked among the top seven percent of all high school nationwide. In addition to its top spot for the state, Maeser ranked as No. 698 among the nation's public schools.

Tiger Woods' former coach fears he will NEVER win another major
Woods won five of the tournaments in which they were grouped at some point, including the 2006 PGA Championship and the 2008 U.S. Their most famous pairing was when they were partners in the 2004 Ryder Cup, and that didn't end all that well.

Free NES Games, But It's Not Virtual Console
NES-Nintendo Switch Online is a collection of classic NES titles and will be included in any of the subscriptions shown above. Online chat services will still be handled by the Nintendo Switch Online App, which probably isn't what many were hoping for.

Destiny 2: Warmind DLC out now
Destiny Warmind will be available on PS4, Xbox One and PC on May 8 alongside a couple of hotfixes, update 1.2.0 and 1.2.0.1. Called "Spire of Stars", players can courageous the new gauntlet for better loot when it goes live on May 11th.

Warren Buffett, Bill Gates beat up on bitcoin buying as "crazy"
Being an absolute anti-fan of investing into cryptocurrencies, he said that Bitcoin is "probably rat poison squared ". And this year, after a significant decline the price still hasn't managed to reach the mark of $10,000.

ISRAEL ON EDGE: Jerusalem Braces for VIOLENCE as US Opens Embassy
The move prompted global condemnation and triggered a wave of protests in the occupied Palestinian territories. Mr Trump says he is making good on US legislation and presidential pledges dating back decades.

Rescue workers reach 1 more miner in Poland, 4 still missing
As Reuters reported, the rescuers have found another trapped miner, but his evacuation will take several hours. So far there has been no contact with the four workers, who are stuck 900 meters (2,950 feet) underground.

Royal Wedding: Meghan Markle's Father To Walk Her Down Aisle
And let's not forget about the latest example, Kate Middleton who married Prince William in 2011. Prince Harry and Meghan Markle can now be seen smiling across buses travelling around Berkshire.

Shirtless Donald Glover debuts intense 'This Is America' video, song on 'SNL'
He couldn't have picked a more poignant time to throw his hat into the discussion on gun violence in America. But it was the video he released for the latter after his " SNL " performance that created a major buzz.