Ford Motor Co. expects to lose about 50% of its planned second-quarter production, about $2.5 billion in earnings, due to the global semiconductor chip shortage affecting the industry.
“The semiconductor shortage and the impact to production will get worse before it gets better. In fact, we believe our second quarter will be the trough for this year,” CEO Jim Farley said during the company’s earnings call Wednesday.
Matt Silver, CEO of cross-border logistics technology platform Forager, said...
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