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.

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.