U.S. runs April budget surplus of $214 billion

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Ford to recover from halted F-series production: Moody’s

Ford Motor Co. is likely to recover from the suspended production of its F-150 and Super Duty pickup trucks by the end of the year, Bruce Clark, a senior vice president at Moody’s Investors Service, said in a statement. “Although near-term profits will weaken due to the shutdown, current inventory levels of the two vehicles, combined with accelerated production after facilities come back online, should make up for any initial shortfall,” he said. Interruptions due to fires and other mishaps have happened in the automotive supply sector, but car makers and suppliers “have a track record of rebounding from such events,” he said. Ford late Wednesday announced it was halting its F Series production at a couple of plants as it largely ran out of parts after a fire ravaged a supplier’s plant last week. Ford shares have gained 0.7% in the past 12 months, versus losses for rival U.S. car makers General Motors Co. and Tesla Inc. and 13% gains for the S&P 500 index.

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