This has not been a good time for Ford (NYSE: F) stock; its price is down nearly 44% year to date as bad feelings have taken hold among analysts. Ford expects its third-quarter inflation-related supplier costs to run $1 billion higher than expected as a number of high-margin trucks and SUVs, with missing components due to supply shortages. Menawhile, Ford president Jim Farley has reorganized his executive lineup once again.
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Cox slashes 2022 vehicle sales outlook to 13.7 million units, around 9% lower than the 2021 level amid soaring interest rates, devastated supply chain systems, stubborn inflation and looming economic uncertainty.