on Monday warned investors that the company expects to incur $1 billion more in costs than previously expected during the third quarter due to supply chain issues.
The company, however, said it still expects 2022 adjusted earnings before interest and taxes of between $11.5 billion to $12.5 billion, but said the supply chain problems have resulted in parts shortages affecting roughly 40,000 to 45,000 vehicles that haven't been able to reach dealers.This is breaking news. Please check back for updates.
You mean supply chain pandemic profiteering to recoup losses for which the govt has already given relief by shifting higher prices downstream to end customers. Shame.
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