Ford Is Warning Investors Of An Additional 1 Billion In Supply Chain Costs In The Third Quarter
Passage DETROIT – Ford Motor warned investors on Monday that the company expects to incur an additional $1 billion in costs in the third quarter due to inflation and supply chain issues. Ford said supply problems have led to parts shortages affecting about 40,000 to 45,000 vehicles, largely high-margin trucks and SUVs, that have been unable to reach dealers. The company expects to complete and deliver the vehicles to dealers in the fourth quarter and continues to forecast adjusted earnings before interest and taxes for 2022 between $11....