Chip Crunch Could Go Into 2023: Ford CFO

The chip shortage "could extend into 2023," though at reduced "scope and severity," said Ford Chief Financial Officer John Lawler on a Q3 call Thursday. The automaker's Q4 financial metrics will be lower than “previously assumed in the back half of the quarter, and that's the result of chip constraints," he said. This past quarter, metrics "were all sharply higher" over Q2 on "high demand for must-have new products," the company said. The stock closed up 8.7% at $16.86.