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The economy faces a heightened risk of a recession, Ford (F) CEO Jim Farley told CNBC on Tuesday, a week after the automaker warned investors of $1 billion in unexpected supplier costs and parts shortages in the third quarter. But the Club is sticking with Ford because we believe it has what it takes to navigate macroeconomic headwinds and supply disruptions. “The risk has gone up for a moderate recession certainly from all the indicators we’ve seen,” Farley said. “For us as a business we see labor inflation, a lot of input costs are going up. We’re doing our best to overcome them…and we have a big job to do on costs specific to Ford anyways,” he added. The chief executive of Club…
Source cnbc.com
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