Ford will restart production of the F-150, the best-selling truck in the United States, after a weeklong shutdown due to a fire at a key parts supplier, the automaker announced Wednesday.
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Production of the Expedition and Navigator SUVs continues without interruption at Louisville, Ford said. The vehicle generated $41 billion in revenue past year, about 28 percent of total sales and the lion's share of Ford's profits.
Ford recovered, repaired and validated most dies that were at the Eaton Rapids facility, and Meridian is now producing parts for the F-150 at two locations - Eaton Rapids and Nottingham, U.K. Production of bolsters for Super Duty is also restarting at the Eaton Rapids plant.
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A May 2 fire severely damaged the main plant at the Meridian Magnesium Products of America factory in Eaton Rapids, near Lansing.
The disruption also shut down production of Ford's best-selling F-150 pickups in Kansas City and Dearborn, Michigan, but those plants are also expected to be running as normal by Monday.
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Ford expects lost production of the F-Series will hurt Q2 EPS by $0.12-$0.14 but reaffirms its previous FY 2018 adjusted EPS guidance range of $1.45-$1.70.