📊Executive Summary

Ford is facing a significant supply chain disruption due to a fire at the Novelis aluminum plant in upstate New York, which is a critical supplier for the automotive industry. The incident has knocked out a substantial portion of aluminum production, particularly affecting Ford's F-150 pickup truck, which relies on Novelis for approximately 40% of its aluminum sheet. The financial implications could reach up to $1 billion as production schedules are thrown into disarray. Other automakers, including Toyota and Stellantis, are also impacted, as they depend on Novelis for aluminum. Ford is actively seeking alternative suppliers and adjusting production schedules to mitigate the disruption....