Categories: Business

Ford reaffirms annual EBIT guidance after latest aluminum supplier fire

DETROIT (Reuters) -Ford Motor stood by its annual EBIT guidance of $6 billion to $6.5 billion for this year following another fire this week at aluminum supplier Novelis' New York plant, reaffirming the outlook it revised because of production disruptions from a devastating blaze at the supplier's plant in September.  The carmaker in October cut its profit forecast, citing a gross hit of up to $2 billion from the incident. Ford expects to offset about $1 billion of that next year by increasing production at certain truck plants, it said in October. (Reporting by Nora Eckert; Editing by Chris Reese)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

Recent Posts

Aditya Dhar And Team Dhurandhar Shine Bright At Iconic Gold Awards 2026

Mumbai (Maharashtra) [India], March 3: The 7th edition of the Iconic Gold Awards 2026 turned…

10 hours ago

RoDTEP Rates Reduction – A Huge Shock for Exporters – Shri Shaleen Toshniwal, Chairman, MATEXIL

Shaleen Toshniwal, Chairman – MATEXIL Mumbai (Maharashtra) [India], March 02: “The abrupt and unexpected reduction…

11 hours ago

Corium Introduces 2026 Italian Seating Trends to Indian Homes

Bengaluru (Karnataka) [India], March 02: Corium, a high-end Italian furniture brand from House of HTL, unveils…

1 day ago