Ford's Profit Retreats On Supply Chain Woes

Ford Motor reported $1.8 billion in profit for the three months that ended in September, a decline of $600 million from a year earlier that the company, Neal A. Boudette reported for the New York Times.

Photo Insert: The automotive industry has been one of the industry's hardest hit by the supply chain snags.

The company said car sales were dragged down by the global shortage of computer chips.

Revenue fell about 5 percent, to $35.7 billion, the automaker reported on Wednesday (Thursday, Oct. 28, in Manila).

In the same period a year ago, when auto sales were rebounding after a slump caused by the coronavirus pandemic, Ford earned $2.4 billion on $37.5 billion in revenue.

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