Ford says European production hit by chip shortage, Ukraine conflict -Breaking
[ad_1]
© Reuters. FILEPHOTO: Ford’s logo was seen during the North American International Auto Show (Detroit, Michigan), U.S.A, 15 January 2019. REUTERS/Brendan McDermid(Reuters) – Ford Motor Co (NYSE:) Co announced Monday that the European semiconductor shortage has caused a reduction in vehicle production as well the cancellation of orders for vehicles in Europe.
American automaker, General Motors USA announced it was closing its German plant in Saarlouis/Cologne due to a global shortage of chips. This also caused it to cease accepting orders for new S-Max or Galaxy cars made in Valencia (Spain).
Russia’s invasion in Ukraine has also caused part shortages at the Volkswagen (DE) plant, Poland, that produces Ford’s Tourneo Connect car. This led to temporary production halts, Ford stated.
Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.
[ad_2]
