Detroit

Ford warns investors of an extra $1 billion in supply chain costs during the third quarter

2023 Ford F-150 Raptor R Ford DETROIT – Ford engine warned investors on Monday that the company expects to commit $1 billion more than expected in the third quarter due to inflation and supply chain issues. Ford said supply issues led to parts shortages affecting about 40,000 to 45,000 vehicles, largely high-margin trucks and SUVs, …

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‘Car guy’ Biden touts electric vehicles at Detroit auto show

DETROIT (AP) — President Joe Bidena “car guy” with his own vintage Corvette, showcased his administration’s efforts to promote electric vehicles during a Wednesday visit to the Detroit auto show. Biden traveled to the massive North American International Auto Show to plug in the huge new climate, tax and health care law which offers tax …

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