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DETROIT – Ford Motor beat Wall Street's third-quarter earnings expectations but lowered its 2025 guidance due to impacts of a supplier fire, which is disrupting production of its highly profitable large trucks and SUVs.
The Detroit automaker said the fire last month at a New York plant for aluminum supplier Novelis is expected to cost it between $1.5 billion and $2 billion, but it expects to mitigate much of that this year and next, largely by increasing manufacturing of the impacted vehicles once supplies are more available.
Ford stock initially fell during extended trading Thursday before swinging to being up roughly 4%. It closed at $12.34 per share Thursday and the stock is up 24% so far this year.
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