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Ford warns devasting plant fire will hurt profit, but CEO still upbeat as he thanks Trump
New York Post· 2025-10-24 07:29
Ford Motor cut its profit guidance on Thursday, citing fallout from a fire at a critical aluminum supplier that will crimp production of some of its most lucrative vehicles through the end of the year.A September fire at the Novelis factory in Oswego, NY, that supplies material for F-150 trucks will cost the automaker about $1.5 billion to $2 billion before taxes and interest, Ford said, adding it expects to offset about $1 billion of that next year.Ford CEO Jim Farley said in a statement that he had been o ...