Ford, GM profits fall as sales drop due to chip shortage - NewsBreak
By Vikash in Business
Updated 3 years ago
DETROIT — The global computer chip shortage cut into third-quarter profits at both Ford and crosstown rival General Motors, with both companies having to temporarily close factories, pinching supplies on dealer lots. Ford's net income of $1.83 billion fell 23% from a year ago, while GM's profit dropped 40%...