How a Tornado Could Throw a Wrench Into Ford’s Plans to Reopen Truck Factories
A tornado that damaged a BorgWarner (NYSE: BWA) factory in South Carolina has thrown a wrench into Ford Motor's (NYSE: F) plans to reopen its U.S. factories.
The BorgWarner factory in Seneca, South Carolina, suffered severe damage from a tornado strike on April 13. No workers were injured, as the factory was shut down at the time, but a security guard who had been stationed outside suffered fatal injuries.
The problem for Ford -- and for other automakers, including Fiat Chrysler Automobiles (NYSE: FCAU) and Toyota (NYSE: TM) -- is that the factory was the sole source of an essential part used in some versions of the companies' trucks and truck-based SUVs. As of right now, it's not clear whether BorgWarner (or anyone else) will be able to resume production of the part before the automakers are ready to resume production.
Source Fool.com
