Magical Trade
Saturday, September 23, 2023
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Magical Trade
No Result
View All Result
Home Trade News

Ford’s supply-chain problems include blue oval badges for F-Series pickups

by
September 23, 2022
in Trade News
0
0
SHARES
11
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Berkshire Sells 4.8 Million Shares of HP; More Sales Could be Coming

Which States Don’t Tax Social Security Benefits?

In this article

F

A Ford F-150 pickup truck is offered for sale at a dealership on September 6, 2018 in Chicago, Illinois.
Scott Olson | Getty Images

DETROIT – Recent supply chain problems for Ford Motor have included a small, yet important, part for the company and its vehicles – the blue oval badges that don nearly every vehicle for its namesake brand.

The Detroit automaker has experienced shortages with the Ford badges as well as the nameplates that specify the model, a Ford spokesman confirmed to CNBC. The Wall Street Journal first reported the problem, including badges for its F-Series pickups, on Friday, citing anonymous sources.

The issue is the latest is a years-long supply chain crisis that has ranged from critical parts such as semiconductor chips and wire harnesses to raw materials and now, vehicle badges.

The Wall Street Journal reported a Michigan-based supplier called Tribar Technologies, Inc. that has made badges for Ford in the past had to limit operations in August, after disclosing to Michigan regulators it had discharged industrial chemicals into a local sewer system.

A message seeking comment from Tribar was not immediately answered. Ford declined to comment on whether Tribar’s limited operations were connected to the automaker’s name-badge shortage.

A spokesman also declined to comment on how many vehicles have been impacted by the problem.

The report comes after Ford on Monday said said parts shortages have affected roughly 40,000 to 45,000 vehicles, primarily high-margin trucks and SUVs, that haven’t been able to reach dealers. Ford also said at the time that it expects to book an extra $1 billion in unexpected supplier costs during the third quarter.

The announcement earlier this week, including a pre-release of some earnings expectations, caused Ford’s stock to have its worst day in more than 11 years.

Separately, Ford on Thursday announced plans to restructure its global supply chain to “support efficient and reliable sourcing of components, internal development of key technologies and capabilities, and world-class cost and quality execution.”

ShareTweetPin

Related Posts

Berkshire Sells 4.8 Million Shares of HP; More Sales Could be Coming

by
September 23, 2023
0

Which States Don’t Tax Social Security Benefits?

by
September 23, 2023
0

Schedule for Week of September 24, 2023

by
September 23, 2023
0

Legendary investor Jeremy Grantham calls Elon Musk a ‘wonderful propagandist’ and warns home prices will fall 30%. Here are the best 10 quotes from a new interview.

by
September 23, 2023
0

OnlyFans Has Minted A New Group Of High Earners And Millionaires, Here is Where They Are Investing Their Money

by
September 23, 2023
0

Next Post

Why Measures of Existing Home Inventory appear Different

Rampaging Stock Bears Slowed at Key S&P 500 Technical Level

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Fund manager believes FAANG is dead — says now it’s all about MANTA

    0 shares
    Share 0 Tweet 0
  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Bank of America names its top global tech stocks — including one it says has upside of 100%

    0 shares
    Share 0 Tweet 0
  • This idiot-proof portfolio has beaten traditional stocks and bonds over 50 years

    0 shares
    Share 0 Tweet 0
  • Josh Brown says Nvidia’s potential is ‘scary’ ahead of a potential AI boom

    0 shares
    Share 0 Tweet 0
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.magicaltrade.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.magicaltrade.net