Ford Motor Company (NYSE:F) shares fell more than 7% following a report by The Wall Street Journal about a fire at Novelis' aluminum plant in Oswego, New York.
The September 16 fire damaged the plant's hot mill, taking much of the facility offline until early next year, per the report.
The plant is a key supplier of aluminum used in Ford’s aluminum-bodied F-150, the company’s most profitable model.
The supply disruption is expected to affect Ford’s production and financial performance in the coming months.
The company is working closely with Novelis and exploring alternatives to limit the impact, according to the report.
Ford is expected to provide further details on the outage in its upcoming earnings report later this month.