Ford Motor Co on Thursday said it would halt production at its Flat Rock Assembly Plant in Michigan next week, where it builds the Mustang, due to a global semiconductor shortage.

The auto industry is grappling with a global chip shortage triggered by the COVID-19 pandemic that has forced companies to cut production, although high car prices have partially offset its impact.

The automaker had warned last month that the chip shortage would lead to a decline in vehicle volumes in the current quarter.

Last month, Ford halted production at its Kansas city assembly plant that makes F-150 pickup vehicles for a week due to the chip shortage.

Production at other North American plants of the Dearborn, Michigan-based automaker will continue as normal, Ford said.

  - Reuters