US automaker Ford Motor Company has cut production of its Escape SUV and Fiesta hatchback due to a shortage of semiconductor chips.
The company noted in a release on Friday that it had canceled the night shift at its Louisville Assembly Plant amid a shortage of parts due to the February snowstorms as well as the ongoing chip shortage.
At the Cologne Plant, Ford suspended production from Mar 1-16 and will remain shut until Mar 22. Priority models like the F-150 pickup truck and Edge SUV are being built without certain modules and parts and will be held till they are available.
Last month, the company cut production of the F-150 due to the semiconductor shortage at its plants in Michigan and Missouri. Like GM’s forecast, Ford also expects the shortage to cost between $1-2.5bn of its annual EBITDA in 2021.