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Jeep maker says it’s prepared for possible future severe semiconductor shortages, as it foresees ballooning demand in industry.
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Report forecasts production cuts resulting from issue this year.
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Continuing chip shortage bedevils world’s biggest carmaker, which falls short of a new record.
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Carmaker blames supply-chain issues, inflation for nearly 11% increase.
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Ford isn’t alone in facing cost increases as manufacturers continue to deal with supply shortages.
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Ongoing shortage forcing brands to trim production, especially in North America.
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GM retools supply chain to get tens of thousands of vehicles awaiting parts to consumers quickly and ward off future supply chain challenges.
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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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The automaker has dialed down its worldwide production schedule for July by 50,000 vehicles to 800,000.
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European and North American automakers cut around 25,000 additional vehicles from their production schedules last week.
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