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Ford cuts estimates
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September 14, 2001: 4:35 p.m. ET
Parts shortages after tragedy lead to plant disruption; Ford to miss 3Q targets
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NEW YORK (CNNfn) - Ford Motor Co. said Friday this week's terrorist attacks have affected North American production and the company's third-quarter earnings will fall short of expectations.
Ford said it has experienced a parts shortage which affected production stemming mainly from air-freight disruption. The company also suspended operations at U.S. and Canadian plants Friday morning so employees could attend memorial services.
Ford expects to suspend operations at several assembly plants next week, and is now predicting third-quarter production of 810,000-to-820,000 vehicles, down 110,000-to-120,000 from the same period a year ago.
The company said its results will fall short of current earnings expectations of 10 cents per share. 
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Ford
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