Ford to idle Mustang production for a week due to microchip shortage
The auto industry is grappling with a global chip shortage triggered by the COVID-19 pandemic that has forced companies to cut production, although high vehicle prices have partially offset its impact.
The automaker had warned last month that the chip shortage would lead to a decline in vehicle volumes in the current quarter.
Last month, Ford halted production at its Kansas city assembly plant that makes F-150 pickup vehicles for a week due to the chip shortage.
Production at Ford’s other North American plants will continue as normal.