WHEN: TODAY, THURSDAY, MARCH 17TH
WHERE: CNBC'S "STREET SIGNS"
Following is an excerpt from the unofficial transcript of a CNBC interview with Mark Fields, Ford Motor President of the Americas today on CNBC. All references must be sourced to CNBC.
LEBEAU: I WISH WE HAD A DEFINITIVE ANSWER FOR YOU ON HOW FORD'S PRODUCTION MIGHT BE IMPACTED BY WHAT'S HAPPENING WITH SUPPLIERS IN JAPAN BUT JUST A FEW MINUTES AGO WHEN WE TALKED WITH MARK FIELDS WHO RUNS FORD'S OPERATIONS IN THE U.S. HE INDICATED THEY HAVE BEEN IN TOUCH WITH ALL OF THEIR SUPPLIERS BUT THEY STILL DON'T HAVE A WHOLE LOT OF ANSWERS
MARK FIELDS: WELL WE ARE MONITORING THE SITUATION WE HAVE NOT HAD ANY DISRUPTIONS IN ANY OF OUR PLANTS BUT WE'RE MONITORING IT IT IS LITERALLY AN HOUR BY HOUR DAY BY DAY TYPE OF THING THAT'S GOING TO UNFOLD AND WE WILL JUST CONTINUE TO WATCH IT WORK WITH OUR SUPPLIERS AND MINIMIZE ANY IMPACTS ON OUR PRODUCTIONS IF ANY
LEBEAU: IS THE BIG CONCERN THE HYBRID BATTERIES FOR THE FUSION AND WHAT'S HAPPENING WITH SANYO YOUR SUPPLIER OVER THERE
FIELDS: WELL WE'RE STILL BUILDING OUR HYBRID VEHICLES IN THE PLANTS RIGHT NOW CLEARLY WE ARE IN THE PROCESS OF STILL GATHERING A LOT OF THE INFORMATION SOME OF IT JUST COMING OUT FROM JAPAN SO LIKE I SAID WE ARE MONITORING WITH ALL OUR SUPPLIERS AND WE WILL WORK THIS DAY BY DAY
LEBEAU: ONE OTHER NOTE FROM MARK FIELDS I ASKED HIM WHETHER OR NOT WE WOULD SEE NEW VEHICLES PRICES RISE BECAUSE PART SHORTAGES IN JAPAN HE SAID IT IS TOO EARLY TO KNOW FOR SURE BUT WE ARE SEEING AN IMPACT BECAUSE OF THESE SHORTAGES. GENERAL MOTORS JUST ANNOUNCED THAT ITS PLANT IN SHREVEPORT LOUISIANA THAT PLANT IS GOING TO CLOSE DOWN NEXT WEEK BECAUSE OF PART SHORTAGES FROM JAPAN SO WE ARE STARTING TO SEE THAT RIPPLE EFFECT IN TERMS OF PRODUCTION HERE IN NORTH AMERICA.
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