Ford (F) Beats Odds To Restart F-150 Pickup-Truck Production
Zacks Investment Research | May 17, 2018 08:43AM ET
Ford Motor Company (NYSE:F) announced the production restart of its F-150 pickup truck at its Dearborn, MI facility on Friday. While the production of the same model will resume at its facility in Kansas City, MO and its F-series truck hub in Louisville, KY on Monday.
The production of the F-150 truck was stopped on May 7. An explosion on May 2 at its parts supplier, Meridian Magnesium plant, led to a shortage of parts for manufacturing the F-150 pickup trucks. The disaster at Eaton Rapids, MI hub caused major manufacturing disturbance in the automotive industry, forcing many automakers to make alterations or halt production.
In order to help Meridian from the disaster, Ford, along with suppliers and contractors, removed 19 dies from the damaged facility. This included shifting an 87,000-pound die from Eaton Rapids to Nottingham, U.K. by using one of the largest cargo planes, Antonov. A die is a tool that is used to cut or shape material, using a press. The company also examined and repaired dies to restart the production at Meridian Magnesium’s Eaton Rapids facility.
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