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Ford idles F-150 truck plant through Sunday due to global chip shortage

FILE PHOTO: A 2021 Ford F-150 pickup truck at the Rouge Complex in Dearborn, Michigan
FILE PHOTO: Ford Motor Co. displays a new 2021 Ford F-150 pickup truck at the Rouge Complex in Dearborn, Michigan, U.S. September 17, 2020. REUTERS/Rebecca Cook/File Photo
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DETROIT: Ford said on Thursday it will idle production of its highly profitable F-150 pickup truck at a plant in Michigan through Sunday due to the global semiconductor chip shortage.

Ford said the latest action is part of its prior forecast the chip shortage could shave US$1 billion to US$2.5 billion off its 2021 profits.

Source: Reuters