Autos

Inflation, supply issues threaten 2022 profits

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The General Motors world headquarters office is seen at Detroit’s Renaissance Center.

Paul Hennessy | LightRocket | Getty Images

DETROIT — There’s growing concern among Wall Street analysts that higher costs and supply chain disruptions will put pressure on 2022 earnings for General Motors and Ford Motor — even more than initially expected.

Ahead of the Detroit automakers’ first-quarter earnings reports this week, several analysts cited such problems, including inflation and parts disruptions caused by the coronavirus pandemic and the war in Ukraine, as concerns for the companies and broader automotive industry.

JPMorgan analyst Ryan Brinkman on Monday trimmed first-quarter estimates for…



Source cnbc.com

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