Hyperdrive
Chip Shortage Forces Ford to Cut Output of Cash-Cow F-150 Again
Ford F-150 pickup trucks for sale at a Ford dealership in Colma, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Ford Motor Co. will cut production of its most profitable product, the F-150 pickup, next week at two U.S. factories because of a shortage of semiconductors.
This is the second time Ford has reduced output of its best-selling model due to chip constraints that are roiling the global auto industry and could cost carmakers $61 billion this year. Ford is in the midst of launching a redesigned version of the truck that is critical to its finances.