Ford Sees Up to $2B Profit Hit on Key Supplier Fire скачать в хорошем качестве

Ford Sees Up to $2B Profit Hit on Key Supplier Fire

Ford Motor Co. expects a profit hit of as much as $2 billion after a devastating fire at a key supplier of aluminum for its top-selling F-150 pickup truck, overshadowing financial results that exceeded expectations. The automaker now expects full-year adjusted earnings before interest and taxes of $6 billion to $6.5 billion, down from as much as $7.5 billion under its previous guidance, the company said as it announced third-quarter earnings Thursday. The low end of that new range represents a 41% drop from the $10.2 billion Ford earned by that measure last year. The announcement is Ford’s first detailed accounting of the damage it expects from a Sept. 16 fire at Novelis Inc.’s aluminum factory in Oswego, New York, that has disrupted a critical supplier to some of its most important vehicles. The Novelis plant is Ford’s top provider of aluminum for its highly profitable F-Series pickups and large sport-utility vehicles, the Expedition and Lincoln Navigator. The automaker has already reduced production of some of those models. The impact will reduce Ford’s production by about 100,000 vehicles this year, though the company expects to largely recover that shortfall next year, Ford Chief Executive Officer Jim Farley said. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X:   / bloombergradio   Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts:    / bloombergpodcasts   Bloomberg Television:    / @markets   Bloomberg Originals:    / bloomberg   Quicktake:    / @bloombergquicktake