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War: Ford cuts car production by around 25%
  • Vitaliy_KiselevVitaliy_Kiselev

    Ford Motor (F.N) plans to suspend or cut production at eight of its factories in the United States, Mexico and Canada throughout next week because of chip supply constraints, a spokeswoman told Reuters on Friday.

    The changes come a day after the Detroit automaker warned a chip shortage would lead to a decline to vehicle volume in the current quarter.

    It is certainly not some random chip shortage, it is more like attempt to quickly reduce car production and hike prices.

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