Ford Motor Co. reaffirmed its full-year financial guidance Monday even as it said it expects to have a "higher-than-planned" number of vehicles assembled but awaiting parts at the end of the third quarter due to supply shortages.
The Dearborn automaker said in a news release that it expects to have 40,000 to 45,000 vehicles sitting and awaiting parts when the July-September quarter ends. It expects to deliver those vehicles to dealers in the fourth quarter. The vehicles awaiting parts "disproportionately include high-demand, high-margin models of popular trucks and SUVs," according to Ford.
The update comes ahead of the company's third-quarter earnings report on Oct. 26.
