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Supply chain woes grinds on – Ford to cut its 3Q earnings forecast on parts shortage

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A piece on the Ford earnings announcement Monday.

  • Ford said Monday that it expects to have 40,000 to 45,000 unfinished vehicles on its hands when the quarter ends Sept. 30.
  • The company did, however, say it expected the vehicles that it couldn’t fully assemble in the third quarter to be completed and sold to dealers in the final three months of the year. As a result, it reaffirmed its full-year 2022 profit forecast of $11.5 billion to $12.5 billion.

Via AP, link here ICYMI

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