Salem Radio Network News Saturday, May 26, 2018

Business

Ford resuming production of lucrative F-Series trucks on Friday

DETROIT (Reuters) – Ford Motor Co <F.N> said on Wednesday that production of its best-selling and highly profitable F-150 pickup trucks would resume on Friday at its Dearborn, Michigan, plant, which had been closed because of parts shortages caused by a fire at a key supplier.

The No. 2 U.S. automaker also said F-150 production would resume at its Kansas City, Missouri, plant on Monday, as would assembly of its Super Duty F-Series pickup trucks at a Ford plant in Louisville, Kentucky.

Production of the Expedition and Navigator SUVs continues without interruption at Louisville, Ford said.

The company said it expected an adverse impact of 12 to 14 cents per share on second-quarter earnings, but affirmed its full-year guidance, saying it believed it could make up most of the lost production.

Ford shares closed up 1.6 percent at $11.40.

(Reporting by Nick Carey and Paul Lienert; Editing by Diane Craft and Peter Cooney)

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