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Ford announced on Monday that rising inflation will cause supplier costs to be $1 billion

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more than anticipated in the third quarter.
There is a backlog of thousands of assembled

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due to supply issues. Between 40,000 and 45,000 unfinished automobiles are expected, 

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the majority of which are high-margin trucks and SUVs, according to Ford.
5.49% of the shares dropped

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Since the COVID-19 epidemic hit in early 2020, the automotive sector has struggled with supply chain 

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For instance, Rivian issued a warning in August, stating that it expects to lose $5.45 billion in 2022, 

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up from the $4.75 billion estimate it provided three months earlier because of "supply chain challenges," 

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raw material inflation," and shortages of semiconductor chips that created bottlenecks at its factories. 

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