The automaker ceased manufacturing of the F-150 at its plants in Dearborn, Michigan and outside Kansas City, Missouri - the only two plants that make the truck - earlier this month after a fire broke out at a supplier's facility.
"The situation is still changing hour by hour and we could still encounter some obstacles, but I'm confident the team will continue to charge ahead and find ways to deliver", Joe Hinrichs, Ford's president of global operations, said on a conference call with reporters. "The ramp-up time to full production is improving every day".
A May 2 fire severely damaged the main plant at the Meridian Magnesium Products of America factory in Eaton Rapids.
FBN's Jeff Flock on Ford halting production of the F-150 truck.
Production of the Super Duty is expected to resume Monday at the Kentucky Truck Plant and Kansas City Assembly Plant, which also makes F-150 pickups, Ford announced.
The F-150 is a key profit generator for Ford. Between export approvals, shipping logistics, and actual transportation, such a die shipment typically takes about 10 days. In between, the Ford team received a United Kingdom import license for the die - two hours before the plane touched down.
"Faced with unexpected adversity, the Ford team, including our global supply partners, showed unbelievable resiliency, turning a devastating event into a shining example of teamwork", said Ford's executive VP of product development and purchasing. The company said Wednesday it still expects the production lag to have an "adverse impact of $0.12 to $0.14 per share" on its second quarter earnings, or an estimated $470 million to $550 million.
Parts produced at Nottingham are being shipped via daily flights on a Boeing 747 jet until production in Eaton Rapids returns to pre-fire levels.
Reuters noted the F-150 full-size pickup generated US$41bn in revenue for Ford past year, about 28% of total sales and the majority share of its profits.