Ford slips after report fire at key supplier set to disrupt business for months

Lear

07/10/2025 15:25

adds share movement for BorgWarner and Lear Corp

** Shares of automaker Ford F.N fall 5.8% to $11.97

** A fire that broke out at Novelis' New York aluminum plant will disrupt business at co and other automakers for months, Wall Street Journal reported on Monday

** Ford - the biggest user of the plant's aluminum, will likely tell investors about the potential impact when it announces its quarterly results later this month

** Novelis - world's largest recycler of aluminum, reported a fire incident at its Oswego plant on September 16, with no injuries

** In a statement to Reuters on Monday, Novelis — which is owned by India's Hindalco HALC.NS — said it anticipates operations to restart at the Oswego facility's hot mill by the first quarter of 2026

** Auto parts supplier BorgWarner BWA.N and Lear Corp LEA.N down 4.6% and 2.3% respectively

** Including session's move, stock up 20.7% YTD

 (Reporting by Sanchayaita Roy in Bengaluru)