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Ford to resume F-150, Super Duty production

Ford Motor Co. F, +1.60% will resume manufacturing of its best-selling F-150 pickup truck at its Dearborn, Mich., plant on Friday, and its Super Duty pickup truck at its Kentucky truck plant and F-150 manufacturing within the Kansas City, Mo., manufacturing unit on Monday, the company stated overdue Wednesday. Ford halted the pickup vans' manufacturing final week after a May 2 hearth ravaged a supplier's plant in Michigan. Ford assembled a crew of world mavens "to quickly refurbish and relocate tooling" so the manufacturing unit may resume making the parts once more, the company stated. "While the situation remains extremely dynamic, our teams are focused on returning our plants to full production as fast as possible," Joe Hinrichs, Ford president of world operations, stated in a commentary. "The ramp-up time to full production is improving every day." Ford reaffirmed its guidance of adjusted earnings between $1.45 a proportion and $1.70 a proportion for the 12 months, and stated it expects second-quarter earnings to lower via 12 cents to 14 cents in the second quarter due to misplaced manufacturing. Ford stocks were flat in overdue trading after ending the common consultation up 1.6%.