NYSE:NVL 7 October 2025 - 11 June 2026

Ford Motor shares looked steadier early Thursday after falling sharply in the middle of the week. The big question for investors is whether the reopened Novelis aluminum mill will help take out a major drag on Ford's truck profits. Ford stock ended Wednesday at $14.30, down 4.35%. Premarket Thursday, the shares were slightly up, trading around $14.39 to $14.40. Novelis said its Oswego, New York, hot mill is back up after being down for months because of fires. Reuters on Wednesday reported the plant is essential to Ford’s F-150 pickups. Novelis said it's working with customers to boost supply. Investors had been betting on a second-half recovery, but now there’s a real date.

• Ford was off 3.2% late Wednesday morning. The stock earlier hit a session high of $15.24.• Novelis reported its Oswego, New York, hot mill is running again, which matters for Ford’s F-Series pickup, since it uses a lot of aluminum.• Investors are now watching how fast the restart scales. Ford Motor shares slipped on Wednesday. The stock popped at the open, but sellers took over fast. Ford was last at $14.47, down $0.48, or around 3.2%. It opened at $14.77, got as high as $15.24 earlier, but faded later. Even as the supplier snag for the F-150 is clearing, the stock keeps taking hits.

Repairs at Novelis’s Oswego, New York, aluminum plant—damaged by fire—should wrap up by the end of June, the Wall Street Journal said Wednesday. That timeline could help relieve a key supply snag for Ford Motor and other carmakers. The aluminum roller posted a net loss of $160 million in its fiscal 2026 third quarter, as a pair of fires at Oswego knocked production offline and led to related damage charges.

Ford’s shares were hammered in early October after a “devastating” late-night fire at a crucial supplier raised alarms about production delays. The fire broke out on Sept. 16 at Novelis’s Oswego, New York plant – a facility that produces roughly 40% of the aluminum sheet used by the U.S. auto industrymarkets.chroniclejournal.com. Novelis, a subsidiary of Hindalco, is Ford’s primary source of aluminum for its vehicles. Critically, Ford’s flagship F-Series pickup trucks rely heavily on aluminum bodies, a design choice made to save weight but now a glaring vulnerability. The blaze “caused catastrophic damage to the factory’s hot mill”, which was essentially destroyed and will not be operational again until Q1 2026markets.chroniclejournal.commarkets.chroniclejournal.com. Thankfully no one was hurt, but the incident has effectively choked off a key supply of aluminum to Ford for the next several months. The market reaction was immediate and severe. When the news broke via a Wall Street Journal report, Ford’s stock plunged over 7% intraday on Oct. 7, 2025, making it the worst performer in the S&P 500 that daymarkets.chroniclejournal.com. Investors recognized that a prolonged halt in aluminum deliveries could “disrupt [Ford’s] pickup truck production for months”ts2.tech, potentially creating vehicle shortages at dealerships and denting near-term sales