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Ford cuts production at two German plants due to chip shortage

Kitco News

U.S automaker Ford Motor Co (F.N) said on Monday it was scaling back production at its plants in Cologne and Saarlouis for the next few weeks due to a semiconductor chip shortage.

"The situation on the global semiconductor market remains tense and, according to all estimates, will continue to be so in the coming months, resulting in supply bottlenecks," a spokeswoman for Ford said in a statement.

The carmaker said it planned to make up for lost production "as best we can" and would prioritise vehicles already ordered by customers.

Ford said around a third of its 15,000 workers in Cologne would be put on shortened working hours from May 3 until June 18 and June 30 to July 9. It said production would re-start on Aug. 16 following the subsequent plant holiday.

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