Ford Motor has said that several of its North American factories will be shut for a few weeks in July and August due to a global shortage of semiconductors. The supply crunch would cost it $2.5 billion this year and halve vehicle production in the second quarter, Michigan-based company had said in April.

World Business Watch: Ford to shut some North American plants for few weeks on chip shortage

US automaker Ford Motor said on Monday that it was scaling back production at its plants in Cologne and Saarlouis for the next few weeks due to a semiconductor chip shortage.

World Business Watch: Ford cuts production at two German plants due to chip shortage

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World Business Watch: Ford to shut some North American plants for few weeks on chip shortage

World Business Watch: Ford cuts production at two German plants due to chip shortage