Ford says lucrative F-Series truck production coming back online

Ford says lucrative F-Series truck production coming back online

A fire at Meridian Magnesium Products in Eaton Rapids, Michigan caused ripple effects throughout the automotive industry and one of the hardest hit companies was Ford which had to temporarily cease production of the popular F-150.

Ford has announced plans to resume F-150 production in MI on Friday and Kentucky on Monday, minimizing downtime after a fire severely damaged a supplier's magnesium parts factory. Ford also plans to get Super Duty assembly back up and running on Monday in Louisville, Kentucky. The vehicle generated $41 billion in revenue past year, about 28 percent of total sales and the lion's share of Ford's profits. The Eaton Rapids plant is producing truck parts again.

In a media briefing on Wednesday, Ford executives said the May 2 fire at the Meridian Magnesium Products plant in Eaton Rapids, Michigan, affected several automakers, but its team was the first to enter the fire-damaged plant "while it was still smoldering".

The plant, which employs about 8,100 hourly workers in all, has continued to make Ford Expedition and Lincoln Navigator SUVs.

Despite the quick turnaround, Ford expects that the production stoppage would reduce profits by 12 to 14 cents per share in second quarter. The company previously said it would be able to make up for lost production over the course of the year.

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