Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022.
CNBC | Michael Wayland
DETROIT – Ford Motor on Thursday announced plans to restructure its global supply chain, days after the company said it expects to book an extra $1 billion in unexpected supplier costs during the third quarter.
The supply chain restructuring aims to “support efficient and reliable sourcing of components, internal development of key technologies and capabilities, and world-class cost and quality execution,” the automaker said in a release.
related investing news