Report forecasts production cuts resulting from issue this year.
Latest in string of production changes blamed on chip shortages.
Continuing chip shortage bedevils world’s biggest carmaker, which falls short of a new record.
Carmaker blames supply-chain issues, inflation for nearly 11% increase.
CEO Carlos Tavares reported he expects the semiconductor supply chain to remain tight until the end of 2023.
Ford isn’t alone in facing cost increases as manufacturers continue to deal with supply shortages.
Shares closed Tuesday at $13.09 apiece, down by 12.3%, shaving $7 billion off the automaker’s market value.
Ongoing shortage forcing brands to trim production, especially in North America.
GM retools supply chain to get tens of thousands of vehicles awaiting parts to consumers quickly and ward off future supply chain challenges.
Automakers blame tightened inventories for double-digit sales declines, but warn higher interest rates, gas prices and rising inflation will push buyers out of the market.
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