Ford forced to shutter factories amid worrying parts shortages: 'Hand-to-mouth right now'

Source: https://www.dailymail.co.uk/yourmoney/cars/article-14810817/ford-forced-shutter-factories-parts-shortage.html
Published: Jun 14, 2025
Author: Horse
Post Date: 2025-06-14 11:39:15 by Horse
Views: 1090

China's trade leverage temporarily shuttered one of Detroit's biggest brands.

Ford's CEO, Jim Farley, said his company doesn't have enough rare-earth magnets, forcing the automaker to halt some production lines.

'It's day to day,' the top boss said in a Friday interview with Bloomberg News. 'We have had to shut down factories. It's hand-to-mouth right now.'

Ford's production struggles are part of the ongoing tit-for-tat trade escalation between Washington and Beijing. But the company is expecting relief in the coming weeks.

In April, Chinese officials stopped the flow of magnets into the US — a critical component found in nearly every modern car's brake pads, seats, windshield wipers, and batteries.


Poster Comment:

Israel warns Iran that 'Tehran will burn' if it fires more missiles - after regime landed DIRECT HIT on 'Israel's Pentagon'

https://www.dailymail.co.uk/news/article-14808217/Iran-Israel-airstrikes-salami- nuclear.html

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#1: Horse    To: All (#0)

https://citizenwatchreport.com/we-are-being-warmed-up-for-interest-rate-cuts/

We are being warmed up for interest-rate cuts (This will spike gold and silver higher.)

Horse posted on 2025-06-14 11:40:52   Reply   Private Reply