Share
Supply chain disruption involving semiconductor chips is causing Ford Motor Co. to suspend or cut vehicle production at eight factories in the U.S., Mexico, and Canada.
The slowdown in auto and truck manufacturing was scheduled to begin on Monday, Feb. 7, according to Reuters.
The automaker warned that the chip shortage could cause a decline in vehicle volume in the current quarter. However, a company spokeswoman said that Ford expected volume to increase significantly in the second half of 2022.
Ford’s fourth-quarter earnings were lower than expected and the company forecasts a slower recovery through 2022 than its rival General Motors.
Read more from Reuters at this link.
Truck Driver Shortage Hurts Supply Chain
Businessinsider.com reported in November that a shortage of about 80,000 truck drivers in the U.S. is causing havoc in the American supply chain.
Truckers said that prolonged periods away from home, coupled with generally low pay, have made it an undesirable job.
“It’s not even a profession, it’s a lifestyle,” Joe Katterman, a trucking instructor in Nebraska, said.
“I have a 3-year-old daughter that I’ve literally watched grow up over video chat,” he said. “I spend more time video chatting with my family than I do actually time with them.”
RELATED TOPICS:
Oil Dips Ahead of Expected OPEC+ Output Increase
3 hours ago
613 Killed at Gaza Aid Distribution Sites, Near Humanitarian Covoys, Says UN
3 hours ago
Fresno County Authorities Investigating Suspicious Death of Transient Man
3 hours ago
Israeli Military Kills 20 in Gaza as Trump Awaits Hamas Reply to Truce Proposal
3 hours ago
Valley Crime Stoppers’ Most Wanted Person of the Day: Rachelle Maria Blanco
3 hours ago
Russia Pounds Kyiv With Largest Drone Attack, Hours After Trump-Putin Call
3 hours ago
Markets’ 90-Day Tariff Pause Rollercoaster Nears an Uncertain End
4 hours ago
Trump to Sign Tax-Cut and Spending Bill in July 4 Ceremony
2 hours ago
Categories

Trump to Sign Tax-Cut and Spending Bill in July 4 Ceremony

Clovis, Sanger, Madera, and Bass Lake Will Light the Sky With Fireworks Shows Tonight

Oil Dips Ahead of Expected OPEC+ Output Increase

613 Killed at Gaza Aid Distribution Sites, Near Humanitarian Covoys, Says UN

Fresno County Authorities Investigating Suspicious Death of Transient Man

Israeli Military Kills 20 in Gaza as Trump Awaits Hamas Reply to Truce Proposal
