Ford Motor sales in China plunged 26 percent in the first half of 2018 compared with the same period last year, likely in part thanks to the Trump administration's tariffs.
According to Autodata, May U.S. auto sales reached an annualized pace of 16.9 million, better than the 16.6 million projected, which could help boost industry stocks.
A fire at Meridian Magnesium parts plant in Michigan disrupted the North American auto industry by creating a parts shortage for Ford, General Motors, Fiat Chrysler and Mercedes.
Ford shut down truck plants earlier this week because of parts shortages caused by a fire at a Michigan supplier. Production could continue this Friday.
Depending on how fast Ford can find backup parts to replace those lost in a recent factory fire, the financial damage to the automaker could be significant, according to industry analysis.
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