Ford officially recovers from aluminum supplier fire
GM General Motors Company
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- 1Ford CEO Jim Farley stated that the company has officially and fully recovered from production disruptions caused by a fire at aluminum supplier Novelis.
- 2Ford hopes to achieve its production recovery target of approximately 50,000 units this year to offset the loss of tens of thousands of Ford F-Series units produced over the past year.
- 3Adam Jonas estimated about 10 years ago that if the F-Series were an independent business, it would be worth 135% of Ford's total market capitalization.
So what's the key point?
Production issues caused by a fire at an aluminum supplier have been resolved. Ford aims to produce an additional 50,000 units this year to make up for the previous decline in production.
Source The Motley Fool +1 · View original ↗
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