Ford Motor Co.

Ford stock drops more than 4% as supply costs to jump by $1 billion, parts shortages to leave more cars unfinished

Ford Motor Co. shares fell more than 4% in Monday’s extended session after the company said inflation and parts shortages would leave it with more unfinished vehicles than it had expected, a reminder that Wall Street’s supply chain issues are far from over for automakers. Ford F, +1.43% said it expects to have between 40,000 …

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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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