Ford CEO Jim Farley, along with executives from at least 19 other companies, will be heading to the White House on Monday to discuss the ongoing semiconductor chip shortage, per Reuters. The April 12th, 2021 gathering arrives as The Blue Oval reckons with a severely inadequate supply of the crucial components, which recently forced the company to once again pause production at several key facilities, including those responsible for building the 2021 Ford F-150, a key profit-maker for the manufacturer.
As previously reported by Ford Authority, the meeting, now called the “CEO Summit on Semiconductors and Supply Chain Resilience,” is expected to focus on current supply chain issues and discuss ways in which the federal government can address the crisis. In addition to CEO Jim Farley, General Motors CEO Mary Barra will also attend, as will representatives from Stellantis NV, the recently merged entity between FCA and French automaker PSA.
Chip manufacturers and electronic companies with skin in the semiconductor game are also set to attend the meeting, as Taiwan Semiconductor Manufacturing Company, GlobalFoundries, Samsung, Intel Corp, HP, and others are planning to send executives to the upcoming event. White House National Security Advisor Jake Sullivan, National Economic Council Director Brian Deese, and Commerce Secretary Gina Raimondo will also be in attendance.
Although Jim Farley expects the chip crisis to be over by Q3 2021, the current lack of parts is the chief reason why numerous high-volume assembly plants are set to suspend production next week, resulting in a seven day pause that will coincidentally begin on the day of the meeting. The Ford Chicago Assembly plant, Ford Michigan Assembly plant, and the Ford Transit side of the Ford Kansas City Assembly plant will all be down from April 12th to April 16th, 2021, while the Ford Ohio Assembly plant will operate on a reduced schedule.
In addition to those revised production schedules, the workers at the aforementioned plants, plus the Ford Dearborn Truck plant, Ford Flat Rock Assembly plant, and Ford Kentucky Truck plant will have to forgo their traditional two-week summer shutdown vacation period, which normally occurs when plants retool to prepare for new vehicles.
We’ll have more on the ongoing chip shortage soon, so be sure and subscribe to Ford Authority for more Ford business news, and 24/7 Ford news coverage.
Comments
Ford cares less and less about Americans, they pushed ahead in china, mexico, and many more countries, based on this, I am betting fords stance will be, “relax as many restrictions on china/taiwan (huge chipe mfgs) as necessary, screw America, we need those chips”. In fact, I’d be surprised if they don’t hire hunter biden as their china consultant….
I disagree. Ford manufacturers more vehicles in America than any other company. While we have a global economy and everyone gets their chips from the same oligarchy of manufacturers, this situation shows just how tenuous the supply chain is. The only way around that is to do this manufacturing in country but with the taxes and higher salaries of the US, that isn’t going to happen anytime soon. We can only expect this to get worse with the party of the Jackass in charge.
SO many angry Trumptards on this website. SAD…
Ain’t so sure this is a website so much as it’s a blog(not a very good one either). If Bob had a brain instead of a mouth he’d be angry too. But there y’all go… libtards show their lack of intelligence by calling y’all names.
Yeah, it’s sad alright.
Why doesn’t Apple, IBM, or Microsoft be apart of the summit? They’re all American companies and they could solve this problem fairly easily and we still have a high unemployment rate compared to 2019 and clearly we can’t rely on Asia or Europe anymore but honestly I wouldn’t mind paying $350 more to have the chips be built in America. I think the benefits would outweigh the costs.
Appie can’t help, all of their manufacturing is done in CHINA….thought everyone
knew that.
It takes considerable time to set up production and manufacturing of chips and none of the three tech companies you mentioned Charles even make there own chips. They all hold patents on designs and tech but they out source the actual manufacturing to the like of Intel, Qualcom, TSMC, Samsung and about half a dozen other main players and a few smaller scale companies. The problem is a combination of a push to turn everything to electric, a delay in production, and a rush of frivolous consumer spending because of a bunch of free money.