Why Ford will have to eat an extra $1B in supplier costs this quarter

Ford said Monday that supplier costs will be $1 billion higher in the third quarter than expected due to rising inflation and persistent supply chain problems.
Ford also disclosed that supply shortages have caused a backlog of thousands of assembled, yet incomplete vehicles. Ford anticipates between 40,000 to 45,000 unfinished vehicles — most of which are high-margin trucks and SUVs — will remain in the automaker’s inventory waiting for needed parts through the end of the third quarter.
Shares fell 5.49% in after-hours trading.
Supply chain issues have plagued the automotive industry sin

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