Ford Motor Co. could face as much as a $1 billion earnings hit from the shutdown of an aluminum plant in New York after a fire last month , an Evercore ISI analyst said in a Wednesday investor note.

The Sept. 16 incident at Novelis Inc.'s Oswego, New York, plant is expected to take much of the plant down until the first quarter of 2026. It supplies roughly 40% of the aluminum sheet used in the U.S. auto industry, according to experts, and the F-Series pickup — which drives the Dearborn automaker's profit and is America's best-selling vehicle — uses plenty of it.

Ford shares were falling 1.3% on Wednesday afternoon after Reuters reported on the investor note from Evercore ISI. The stock fell 6% to $11.69 on Tuesday when the Wall Street Journal reported on the fire's impact on Ford and

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