Jeep maker says it’s prepared for possible future severe semiconductor shortages, as it foresees ballooning demand in industry.
Report forecasts production cuts resulting from issue this year.
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.
Ford isn’t alone in facing cost increases as manufacturers continue to deal with supply shortages.
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.
The automaker has dialed down its worldwide production schedule for July by 50,000 vehicles to 800,000.
European and North American automakers cut around 25,000 additional vehicles from their production schedules last week.
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