Chip shortage may cut earnings of Ford, General Motors by a third: Moody’s

Chip shortage may cut earnings of Ford, General Motors by a third: Moody’s

The global chip shortage, which is hampering vehicle production, may cut earnings at General Motors and Ford Motor by about one-third in 2021, according to Moody’s Investors Service. The shortage could lower the expected earnings before interest and taxes by $2 billion for GM and $2.5 billion for Ford, Moody’s said. Ford’s EBITDA margin could dip to 1.8%, it added.

News Source: Bloomberg Quint

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