Ford slows deliveries amid parts shortages and supply chain issues

Ford Motor Co. is delaying deliveries of its popular F-Series pickup and other models because it doesn’t have enough oval nameplates to affix the vehicles, the Wall Street Journal reported Friday.

The lack of badges underscored the post-pandemic supply chain challenges facing Ford and its competitors. A shortage of computer chips, in particular, has slowed shipments across the industry. The chips are necessary for safety features to work, including automatic braking systems, reversing cameras and airbag deployment.

Ford previously said it didn’t have enough parts to complete up to 45,000 pickups and SUVs. General Motors, Daimler Chrysler, and almost every other major automaker made similar announcements this year.

On Monday, Ford said the supplier shortage would cost it $1 billion more than expected. The supply shortage has prompted Ford and other automakers to scale back operations and temporarily close plants.

Auto industry analysts AlixPartners predict the shortage will last into 2024.

Shares of Ford (F) fell $0.61, or 4.74%, to $12.16 in late trade Friday. Ford slows deliveries amid parts shortages and supply chain issues

Fry Electronics Team

Fry is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – The content will be deleted within 24 hours.

Related Articles

Back to top button