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

THE WORLD ENTERED CRISIS WITH ALMOST 10 BLN BARRELS OF OIL STOCKS – ARAMCO CEO

THE WORLD ENTERED CRISIS WITH ALMOST 10 BLN BARRELS OF OIL STOCKS - ARAMCO CEO…

4 minutes ago

Braves edge Dodgers 3-2 to level NLDS

VIDEO SHOWS: HIGHLIGHTS FROM ATLANTA BRAVES AT LOS ANGELES DODGERS NLDS GAME TWO COMPLETE SHOTLIST…

4 minutes ago

BRIEF-Atos Secures £350 Mln Contract With Metropolitan Police Service

Oct 5 (Reuters) - Atos Group SE: * SECURES £350 MILLION APPLICATION MANAGEMENT CONTRACT WITH…

7 minutes ago

Foxconn third-quarter revenue jumps 47% y/y, beats market forecast

TAIPEI, Oct 5 (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker and Nvidia's…

8 minutes ago

Norway to propose temporary ban on AI glasses in some public places

COPENHAGEN, Oct 5 (Reuters) - Norway's government said on Monday it plans to propose a…

10 minutes ago

METALS-Copper ticks up as Fed rate hike bets cool

(Adds analyst comment and updates prices) By Solomon Cefai SINGAPORE, Oct 5 (Reuters) - Copper…

15 minutes ago