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Ford Leads NA Production Cuts from Semiconductor Shortage
Six months into the semi-conductor shortage it is obvious that not all automakers are affected in the same way. The Renesas fire in Japan hit Ford Motor hard, making the problem much worse for the struggling automaker. The fact is some automakers have been hurt worse than others. Ford Motor looks to have been affected the most, as shortage-related plant shutdowns left its facilities running at just 55% of total capacity through May of 2021. Ford’s estimated volume loss in the first half of this year is more than 50% greater than that recorded by the next manufacturer in line – and the largest in North America – GM, according to consultancy LMC. Continue reading →