Ford reports Q3 net income gains, warns of production impacts to F

Ford Motor Co. reported strong third-quarter results on strong sales of gasoline cars and gains in sales of commercial vehicles and products — despite a $700 million tariff bill and production disruptions due to a fire at a supplier.

The Dearborn-based automaker said Oct. 23 that a late-night fire that destroyed part of the Novelis aluminum plant in New York last month is creating a shortage in aluminum and production disruptions that will cost Ford $1.5 billion to $2 billion over the next few months into next year. Ford expects to mitigate at least $1 billion of that, putting the ultimate hit to its adjusted earnings before interest and taxes at about $1 billion or less.