{"id":164216,"date":"2022-09-23T13:36:46","date_gmt":"2022-09-23T13:36:46","guid":{"rendered":"https:\/\/precoinnews.com\/?p=164216"},"modified":"2022-09-23T13:36:46","modified_gmt":"2022-09-23T13:36:46","slug":"ford-management-extremely-late-on-supply-change-fixes","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/ford-management-extremely-late-on-supply-change-fixes\/","title":{"rendered":"Ford Management Extremely Late on Supply Change Fixes"},"content":{"rendered":"<p>Ford Motor Co. (NYSE: F) made a shattering announcement recently. Its costs would be $1 billion above expectations in the third quarter of the year. Adjusted earnings before interest and taxes will be between $1.4 billion and $1.7 billion, which is another disappointment. The trouble does not end there. Ford has 40,000 to 45,000 vehicles that cannot be delivered when expected because of parts problems.<\/p>\n<p>Ford\u2019s announcement shows that management has been flat-footed in addressing its supply chain trouble. This far along in the third quarter is extremely late to disclose a third-quarter debacle. No one in senior management was affected by the announcement. Down the management chain, Ford said it would restructure the teams that oversee production.<\/p>\n<p>Doug Field, chief of advanced technology and embedded systems at Ford, will quarterback the attempt to \u201cstrengthen product creation\u201d and global supply chain improvement. Field, one would think, already has his hands full with his current assignment. Two people who helped run supply chain operations will \u201cretire.\u201d<\/p>\n<section id='email-subscribe' class='section section-email-sub single-email-sub'>\n<p>\t\t\t\t<svg style=\"\" class=\"\" viewBox=\"0 0 439 350\"><\/p>\n<p>\t\t<\/svg><br \/>\n\t\t\t\t<!-- div.svg-icon --><\/p>\n<p>\t\t\t\t\t\tGet Our Free Investment Newsletter<\/p>\n<form id=\"newsletter-subscribe-homepage\"  class=\"field has-addons\"  method=\"post\"  target=\"blank\"  action=\"https:\/\/www.aweber.com\/scripts\/addlead.pl\"  >\t\t\t\t<input type=\"hidden\"  name=\"listname\"  value=\"awlist5277011\"  >\t\t\t\t<input type=\"hidden\"  name=\"custom form name\"  value=\"below-post-email-form\"  >\t\t\t\t<input type=\"hidden\"  name=\"meta_message\"  value=\"1\"  >\t\t\t\t<input type=\"hidden\"  name=\"meta_required\"  value=\"email\"  >\t\t\t\t<input type=\"hidden\"  name=\"meta_forward_vars\"  value=\"1\"  >\t\t\t\t<span>\t\tI have read, and agree to the \t\t\t\tTerms of Use<br \/>\n\t\t\t\t<input type=\"checkbox\"  name=\"terms\"  required=\"1\"  style=\"height: auto !important;\"  >\t\t\t\t<\/span><br \/>\n\t\t\t\t<input type=\"text\"  name=\"email\"  value=\"\"  placeholder=\"Your Email Address\"  id=\"recipient_email_homepage\"  class=\"recipient_email input\"  style=\"height: 45px;\"  >\t\t\t\t<input type=\"submit\"  name=\"submit\"  value=\"Subscribe\"  id=\"new_subscribe_button\"  class=\"subscribe button js-onclick-new-subscibe\"  style=\"height: 45px;\"  >\t\t\t\t<\/form>\n<\/section>\n<p>\nFord has a growing set of management problems as it tries to turn itself into a next-generation global car manufacturer. First among these is that it did not anticipate the costs of some key components of the Ford F-150 Lightning and the Mustang Mach-E. It decided to raise prices by several thousand dollars each because it suddenly discovered it would lose money on every sale. Sales undoubtedly will be affected as consumers unexpectedly face more expensive vehicles. The announcement also begs the question why Ford management came to these conclusions so late.<\/p>\n<p>\t\t\t<strong><\/p>\n<p>\t\t\t\tALSO READ: Industries Dominated by Just a Few Companies<br \/>\n\t\t\t<\/strong><\/p>\n<p>\nWall Street has punished Ford for its poor decisions by driving shares down almost 40% this year. Until recently, Ford was one of the better performing among widely traded stocks.<\/p>\n<p>The problem cannot be lost on the Ford family, the fortunes of which rely heavily on the stock price. William Ford Jr., the executive board chair, guards that fortune and has to be as disappointed as any investor.<\/p>\n<p><b>Sponsored: Find a Qualified Financial Advisor<\/b><\/p>\n<p>Finding a qualified financial advisor doesn&#8217;t have to be hard.  SmartAsset&#8217;s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you&#8217;re ready to be matched with local advisors that can help you achieve your financial goals, get started now.<\/p>\n<p>Source: <a href=\"https:\/\/247wallst.com\/autos\/2022\/09\/23\/ford-management-extremely-late-on-supply-change-fixes\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ford Motor Co. (NYSE: F) made a<\/p>\n","protected":false},"author":3,"featured_media":164215,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ford Management Extremely Late on Supply Change Fixes - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/ford-management-extremely-late-on-supply-change-fixes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ford Management Extremely Late on Supply Change Fixes - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Ford Motor Co. 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