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Benzinga
Benzinga
Business
Rachit Vats

Ford To Idle Production At Some Plants In Europe Due to Chip Shortage, Russia-Ukraine War

Ford Motor Co’s (NYSE: F) vehicle production and orders have been hit in Europe due to the ongoing global semiconductor shortage and Russia’s invasion of Ukraine, Reuters reported on Monday, citing the company.

What Happened: Dearborn, Michigan-based Ford will idle production at plants in Saarlouis and Cologne in Germany due to the chip crunch.

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