By Nora Eckert and Nathan Gomes

DETROIT (Reuters) -Ford Motor cut its profit guidance on Thursday, citing fallout from a fire at a critical aluminum supplier that will crimp production of some of its most lucrative vehicles through the end of the year.

A September fire at the Novelis factory in Oswego, New York that supplies material for F-150 trucks will cost the automaker about $1.5 billion to $2 billion before taxes and interest, Ford said, adding it expects to offset about $1 billion of that next year.

Ford CEO Jim Farley said in a statement that he had been on site working with Novelis to source aluminum from parts of the plant that were still operational. “We have made substantial progress in a short time to minimize the impact in 2025 and recover production in 2026,” Farley said.

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