American automaker Ford Motor has warned investors that high inflation and a lack of spare parts are leading to lower supplies. This is reported by MarketWatch.
As a result, between 40,000 and 45,000 vehicles will remain in stock by the end of the third quarter "due to a number of parts currently unavailable due to insufficient supply," Ford said.
The company also said that recent negotiations show that payments to suppliers for the quarter will be about $1 billion higher than expected due to inflation.
However, Ford reiterated its guidance for the full year, which could see adjusted earnings before taxes and interest of $11.5 billion to $12.5 billion. In the third quarter, this figure is expected to be in the region of 1.4-1.7 billion dollars.
Ford's warning "suggests that auto parts shortages and supply chain problems still persist," said CFRA analyst Garrett Nelson. "Ironically, Ford may have been a victim of its own success, as recent U.S. sales growth has far outpaced the competition," he added. Ford production in the third quarter "obviously couldn't keep up with demand," he said.
The company plans to publish financial results for the past quarter on October 26.
Ford's capitalization has fallen by more than 28% since the beginning of 2022, while the Standard & Poor's 500 stock index has decreased by 18.2%.