(Bloomberg) -- Ford Motor Co. expects to lose production of F-150 trucks for at least another week due to a shortage of parts from a supplier plant that sustained an explosion and fire, according to a person familiar with the matter.
The fire at a Meridian Magnesium Products plant in Eaton Rapids, Michigan, has disrupted output of models for automakers including Ford, Mercedes-Benz maker Daimler AG, General Motors Co. and Fiat Chrysler Automobiles NV. The supplier is owned by China’s Wanfeng Auto Holding Group.
F-Series pickups generate most of Ford’s profit, with Morgan Stanley recently assigning a higher valuation to the franchise than the entire company. The trucks are the top-selling vehicle line in America and haul in about $40 billion in annual revenue.
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