Expected drop in Q2 production

[Gurgeh]

Youch! (but note, Ford also stated it expected significant improvement in chip availability beginning Q3)

 

https://www.cnbc.com/2021/04/28/ford-f-earnings-q1-2021.html

 

KEY POINTS

• Ford beat Wall Street’s expectations for the first quarter, but said it expects the chip shortage to decrease its earnings by $2.5 billion in 2020, the high end of its previous guidance for the year.
• The company said Wednesday it now expects to lose about 50% of its planned second-quarter production, up from 17% in the first quarter.
• The increase is largely due to a fire at a chip supplier for Ford in Japan, according to the automaker.

[theoldwizard1]

Ford does not manufacture any electronics.  Chip shortages have to be handled by the companies that actually build the electronics, potentially dozens of different companies.

[ttwn0324]

I think you can clearly see from the weekly scheduling notes it's just not a chip shortage.

[ice-capades]

7 hours ago, ttwn0324 said:

I think you can clearly see from the weekly scheduling notes it's just not a chip shortage.

 

The commodity issues noted in the scheduling notes only affect order scheduling, not production.  

[FordBuyer]

Farley was on Cramer's Fast Money show last nite and sounded positive about chip shortage come 3rd Quarter. But when further pressed, he admitted he didn't know when it will get better. However, Cramer picked Ford as his Number One stock for 2021. Not sure if that will buy me a cup of coffee or not. 

[rmc523]

I mean, reality is when the world shuts down for months, there are going to be long-lasting ripple effects.  It sucks, but there's not much that can be done but waiting.