GFM Network News


Ford cuts output of F-150s due to semiconductor shortage

U.S. firm among manufacturers caught off guard

Washington | Reuters — Ford Motor Co. said Thursday it is cutting shifts at two U.S. plants that build its highly profitable flagship F-150 pickup trucks starting next week due to a global shortage of semiconductor chips, raising fears the problem could be worsening. The No. 2 U.S. automaker said it will run one of

Loblaw beats profit estimates as online sales surge

Reuters — Loblaw beat quarterly revenue and profit estimates on Thursday, driven by a near-fourfold jump in online sales, as stay-at-home Canadians used the retailer’s pickup and delivery services to stock up on bread, milk and eggs. With consumers still limiting their trips outdoors due to the COVID-19 pandemic, the company said it would invest


Ford recalls 1.48 million pickups over transmissions

Washington | Reuters — Ford Motor Co. said on Wednesday it was recalling about 1.48 million F-150 pickup trucks in North America due to a potential transmission downshift issue that could increase the risk of a crash. Ford said select 2011-2013 model year trucks with six-speed automatic transmission could experience an unintended downshift into first

Ford recalls two million trucks over seat-belt fire concerns

Washington | Reuters — Ford Motor Co. said on Thursday it would recall two million F-150 pickup trucks in North America to address fire concerns relating to seat belts that have been linked to three serious incidents but no injuries. The second-largest U.S. automaker said it was aware of 17 reports of smoke or fire

Ford scrambles to restart truck production after fire at supplier

Detroit | Reuters — Ford Motor Co. is working with a key supplier to shift some parts production from Michigan to Ontario, after a fire and subsequent parts shortages forced the automaker to halt manufacturing of its highly profitable full-size pickups, according to sources familiar with the companies’ plans. The supplier, Chinese-owned Meridian Magnesium Products,