Ford Motor Company Furnishes Joint Statement on Novelis Fire and Reaffirms 2025 Guidance
Summary
Ford Motor Company and Novelis issued a joint statement (via Ex. 99) providing an update on a fire incident at the Novelis Oswego aluminum plant on November 20. The fire was swiftly contained with no injuries, and the plant's cold mill and heat treatment operations are now back up and running, continuing to ship finished material to Ford. Novelis will leverage alternate sources and is building a new plant in Bay Minette, Alabama, which will begin commissioning in the second half of 2026. Ford reaffirmed its full-year 2025 adjusted EBIT guidance of $6 billion to $6.5 billion and full year adjusted free cash flow of $2 billion to $3 billion.
Why It Matters
This update is material as Ford reaffirmed its full-year 2025 adjusted EBIT guidance of $6 billion to $6.5 billion and adjusted free cash flow of $2 billion to $3 billion, indicating confidence despite a fire incident at a key supplier's plant. The supplier, Novelis, also outlined mitigation strategies, including a new plant, to secure the aluminum supply chain.
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Filing Details
Reported Items
Additional Information
- CIK Number
- 0000037996
- Filing Date
- Friday, November 21, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- neutral