financetom
Business
financetom
/
Business
/
Market Chatter: Ford Temporarily Idled US Plants Amid China Magnet Shortage
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Ford Temporarily Idled US Plants Amid China Magnet Shortage
Jun 30, 2025 4:06 AM

06:34 AM EDT, 06/30/2025 (MT Newswires) -- Ford Motor ( F ) temporarily idled multiple US factories over the past three weeks due to a shortage of magnets containing rare earth minerals amid Washington's trade tensions with China, Bloomberg News reported, citing Ford Chief Executive Jim Farley.

"We cannot get any high powered magnets without China," Farley reportedly said. "We shut down plants for the last three weeks because we cannot get high powered magnets. We can't make that stuff."

Ford did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
HSBC to inject $4 billion into its private credit funds
HSBC to inject $4 billion into its private credit funds
Jun 1, 2025
LONDON (Reuters) -Europe's biggest bank HSBC ( HSBC ) will inject $4 billion into its private credit funds, amid a wider push by banks into the booming market as profits from traditional lending have come under pressure. HSBC ( HSBC ) said it will invest the cash into HSBC Asset Management's (HSBC AM) alternative credit funds, with the aim of...
Holcim plans Amrize spin-off for June 23
Holcim plans Amrize spin-off for June 23
Jun 1, 2025
ZURICH, June 2 (Reuters) - Amrize, the North American construction ( NOA ) materials business being spun off by Holcim, will start trading its shares on the Swiss SIX Exchange and the New York Stock Exchange on June 23, the companies said on Monday. Approvals have been received for the 100% spin-off, with Holcim shareholders receiving one Amrize share for...
Polish eurosceptic Nawrocki wins presidential vote, electoral commission says
Polish eurosceptic Nawrocki wins presidential vote, electoral commission says
Jun 1, 2025
WARSAW, June 2 (Reuters) - Polish nationalist opposition candidate Karol Nawrocki won the second round of the country's presidential election with 50.89% of the votes, the electoral commission said early on Monday on its website. His rival, Rafal Trzaskowski, the liberal Warsaw mayor and an ally of the government led by Donald Tusk, got 49.11%. Nawrocki, 42, a eurosceptic historian...
HSBC to inject $4 billion into its private credit funds
HSBC to inject $4 billion into its private credit funds
Jun 1, 2025
LONDON, June 2 (Reuters) - Europe's biggest bank HSBC ( HSBC ) will inject $4 billion into its private credit funds, amid a wider push by banks into the booming market as profits from traditional lending have come under pressure. HSBC ( HSBC ) said it will invest the cash into HSBC Asset Management's (HSBC AM) alternative credit funds, with...
Copyright 2023-2025 - www.financetom.com All Rights Reserved