Ford suspended all production Wednesday of its profit-driving F-150 pickup, the nation's best-selling vehicle for more than 35 years, because of a "black swan" parts shortage.
The production halt was caused by a fire May 2 at a parts factory in small-town Michigan that rippled through the North American auto industry but hit Ford hardest. Production at General Motors, Fiat Chrysler and Mercedes also was disrupted.
Joe Hinrichs, Ford executive vice president and president of Global Operations, acknowledged in a briefing late Wednesday, "We have to rebuild the whole supply chain."
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