Ford reaffirms FY25 adjusted EBIT, free cash flow guidance after Novelis fire

Ford (F) Motor Company and Novelis are providing an update following a fire incident at the Novelis Oswego aluminum plant on Nov. 20. “The fire was swiftly contained and the plant was safely evacuated with no injuries to employees, contractors or first responders. As of this morning, the cold mill and heat treatment operations at the Novelis Oswego plant are back up and running. The facility continues to ship finished material to supply Ford. Novelis will continue to leverage alternate sources, including its global network of plants and industry peers, to mitigate impact. Meanwhile, Novelis is committing to strengthen the U.S. aluminum supply chain for its customers by building a new plant in Bay Minette, Alabama, which will begin commissioning in the second half of 2026. Ford reaffirms its full-year 2025 adjusted EBIT guidance of $6B-$6.5B and full year adjusted free cash flow of $2B-$3B. Novelis and Ford will continue to provide updates as further details become available,” Ford stated.