Quote:
Originally Posted by Sooner or later
Ford's June sales decline by 26.9% as company misses second-quarter expectations
Ford sold 475,327 vehicles during the second quarter, a 9.6% increase from a year earlier when the coronavirus pandemic caused Americans to shelter in place
DETROIT – Ford Motor's June and second-quarter sales were below analyst expectations as a global shortage of semiconductor chips caused significant production cuts and inventory constraints.
Ford previously said it expected to lose half of its production in the second quarter due to the chip shortage. Earlier this week, it also announced additional production cuts throughout July due to the problem.
Ford's sales follow GM and other automakers reporting significant increases in second-quarter sales but at a slower pace through the quarter due to low vehicle inventories caused by the chip shortage.
"Consumer demand is still very strong, but the inventory is somewhat lacking."
|
I think the Boyz are fully capable of reading the article themselves without your help or your leading them to a conclusion. But one must thank you for your sentiment.