Ford F-Series production halted amid parts shortage

Ford F-Series production halted amid parts shortage

The move means approximately 4,000 workers at Ford's Dearborn Truck Plant will be temporarily laid off, joining roughly 3,600 workers at Ford's truck plant in Kansas City who were told to stay home earlier this week. At this point there is no word on just how long production of the F-150 will be halted, a Ford spokesman has said that it would last at least a few days. It's a key profit generator for Ford.

Ford's F-150 is the automaker's best-selling and most profitable vehicle.

Production of Super Duty trucks in Louisville, Kentucky, was also shut down indefinitely, though the plant is still making large SUVs.

Ford shares were down slightly in after-hours trade, at $11.19.

The fire was at a plant in Eaton Rapids, Michigan owned by Meridian Magnesium Products. "We're confident that any impacts will be short-term", Joe Hinrichs, executive vice president and president of Global Operations, said in a statement. Ford and Meridian are working to get the facility operating again.

More news: Notable Stock Analysts Ratings Northern Oil and Gas, Inc. (NOG)

A spokesperson for Ford tells CNBC, "We are working closely with the supplier to manage the situation".

Both assembly plants are unable to continue building the F-150 pickup truck due to a lack of critical components supplied by Meridian Lightweight Technologies.

"There's not a lot of this type of supplier around that has capacity to pick up that kind of volume", said Kristin Dziczek, an economist and labor expert at the Center for Automotive Research.

A fire that damaged a MI auto parts supply factory is causing production problems at Ford, Fiat Chrysler, BMW and General Motors, but it's too soon to tell yet whether dealers will run short of vehicles.

The F-Series is so important to Ford that Albertine wrote he's considering adjusting his earnings projections for the automaker once the full-impact of the supplier fire is known.

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