The Novelis aluminum plant in Scriba, New York that supplies aluminum sheets used by automakers and has Ford (F) as its largest customer has suffered its third fire reported at the plant in two months, according to CNY Central. The large fire that broke out on September 16 was predicted to be costly for Ford, as the automaker indicated with its Q3 report that it could lose around $1B in earnings due to the fire, the report noted.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on F:
- Ford Stock (NYSE:F) Slips With Latest Recall
- Ford recalling over 229,000 Bronco vehicles in U.S.
- Is the Lightning Coming Back? Ford Stock (NYSE:F) Slides Despite New Sales Connection
- BYD Stock Dominates Uruguay’s Surging EV Market as Costly Gasoline Pushes Drivers to Switch
- “Comes with a Ford Warranty”: Ford Stock (NYSE:F) Slides Despite New Sales Connection