The car company Ford warns investors of an extra $1 billion dollars of supply chain costs in the 3rd quarter. The company also said that there have been parts shortages, which affected around 40 – 45 thousand vehicles. Ford is currently projecting 2022 earnings before interest and taxes to be around $11.5 – $12.5 billion. The automaker is projecting its 3rd quarter earnings to be somewhere around $1.4 to $1.7 billion dollars. After the news, Ford stock fell around 5% in extended trading. General Motors, a huge Ford rival, also warned investors a few months ago about supply chain issues.
