Inflation: Ford owes a colossal sum to its suppliers

Inflation is costing Ford dearly. the Dearborn builder will indeed have to offload one billion euros more than initially expected in the third quarter of the year. This in order to pay its various supplierswhose prices are rising due to inflation in the world, at the present time.

A difficult situation which adds to the various shortages still affecting the brand and the automotive sector in general. Thereby, 40,000 to 45,000 of the vehicles produced will be deprived of certain elements, at the end of September. This is due to the persistence of problems in the supply chain.

This mainly concerns pick-up and SUV models. Those on which the brand makes its largest margins. However, the manufacturer hopes deliver these in the fourth quarter of the year. Reason why he maintains his forecast for the year of profits.

Shortages are reacting in the United States

The American manufacturer is not the only one struggling with shortages. General Motors ended the second quarter of the year with 95,000 vehicles in its stocks with some missing elements. At Stellantis too, 220,000 vehicles may not be produced in the group’s Italian factories.

The main shortages still concern semiconductors. Elements that have become essential for contemporary cars, full of electronics. The latter are produced largely in Asia, a continent undermined by the difficulties linked to Covid-19. Particularly for China.

Reason why a semiconductor factory is being built in the United States in Ohio (eastern part of the country). Joe Biden visited the construction site, speaking on a question of “national security”particularly in the face of Chinese ambitions. “All this is in the interest of our economy, it is also in the interest of our national security« .

Also read on Auto-Moto.com:

Shortage: Stellantis makes another difficult decision

Shortage of new cars: second-hand as an alternative?

Ford: a record fine following the death of two customers!