MENU
SEARCHFord, GM say they’ll ship unfinished vehicles by year’s end as supply issue eases.
Tens of thousands of unfinished GM and Ford cars would move to dealers after the installation of long-awaited parts.
IMAGE: Getty Images/AvigatorPhotographer
Ford and General Motors say they’ll eliminate a backlog of unfinished vehicles by the end of the year as the flow of microchip parts loosens somewhat, Automotive News reported.
The carmakers have been holding on to tens of thousands of vehicles missing some hard-to-get parts. Ford is further behind on that front than GM.
They plan to install the missing parts and ship the vehicles to dealers this fall.
The news buoyed GM’s financial results in the third quarter, when its profit rose 37% year-over-year to $3.3 billion.
Ford’s quarter went in the opposite direction. It lost $827 million as costs for parts and materials increased and it and partner Volkswagen Group announced plans to end self-driving technology business Argo AI. Ford will instead focus on driver-assistance technology.
Microchip supply constraints that resulted from the Covid pandemic have stymied carmakers around the world, leading to inventory shortages.
Originally posted on Auto Dealer Today
A growing Maryland automotive group is only the 93-year-old dealership’s third owner after its longtime proprietors retired.
Read More →
Barrington Porsche will be the new location for Murgado Automotive Group’s existing Porsche dealership currently in the Motor Werks of Barrington auto mall.
Read More →
Feldman Automotive Group added two new brands, Honda and Toyota, to its portfolio with its latest acquisition of four Fireside dealerships in Ohio.
Read More →
The franchisees’ state-level actions follow a California auto dealers trade group lawsuit against the VW affiliate last year, both efforts to stop the EV maker’s plan to sell direct to consumers.
Read More →
First-quarter auto sales increased as more consumers took advantage of government incentives. Hybrid deliveries are leading the way on the electrifieds boom.
Read More →
At nearly 14%, California had the lowest zero-emission vehicle market share in the first quarter since the fourth quarter of 2021, according to the California New Car Dealers Association.
Read More →
EREVs, also known as ‘series hybrids,’ may catch on in the U.S., where they currently have barely a toehold, as automakers tilt away from some purely electric models and consumers crave more range.
Read More →
Hybrids in particular lead not only EV market share but all power trains on the continent so far this year as gas and diesel continue their decline.
Read More →
Building on a previously announced $26 billion U.S. investment, Hyundai said it will grow its North American lineup and U.S.-based production and parts sourcing.
Read More →
Sony-Honda venture cancels two planned models, the first of which had been pegged for a mid-2026 California delivery debut. The brand’s direct sales had been challenged by the state’s auto dealers, but the venture cites Honda’s EV retreat.
Read More →