Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Ford Motor Lacking Oval Badges, Holds Back Some Deliveries - WSJ

Published 09/23/2022, 11:19 AM
Updated 09/23/2022, 11:34 AM
© Reuters.  Ford Motor (F) Lacking Oval Badges, Holds Back Some Deliveries - WSJ
F
-

By Sam Boughedda 

Ford Motor (NYSE:F) has reportedly delayed the deliveries of certain vehicles due to a lack of its blue oval badges to go on them, a report by The Wall Street Journal revealed Friday.

As supply chain issues persist, the company has run into a lack of the brand name badges and nameplates that specify the model of the vehicle, the WSJ said people familiar with the matter told them. The parts are important identifiers of the vehicles.

The article states Ford confirmed some vehicle shipments had been held due to a lack of the badges, with the shortages affecting Ford's F-Series pickup trucks.

While Ford considered workarounds, it decided against it due to concerns about it meeting the bar on quality.

Ford's spokesman is said to have told the WSJ that it is shipping trucks with the blue oval badges and retrofitting those without a Ford logo.

Earlier this week, Ford announced leadership changes to strengthen its product creation and supply chain management.

The WSJ report added that according to regulators and officials, a previous supplier of the badges for Ford, Tribar Technologies, Inc, reportedly had to limit operations in August after revealing to regulators it had released industrial chemicals into a local sewer system.

Ford shares are down more than 5% Friday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.