Chip Crunch Could Go Into 2023: Ford CFO
The chip shortage "could extend into 2023," though at reduced "scope and severity," said Ford Chief Financial Officer John Lawler on a Q3 call Thursday. The automaker's Q4 financial metrics will be lower than “previously assumed in the back half…
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of the quarter, and that's the result of chip constraints," he said. This past quarter, metrics "were all sharply higher" over Q2 on "high demand for must-have new products," the company said. The stock closed up 8.7% at $16.86.