Ford Hopeful for Auto Industry, Production Outlook

The auto industry has been affected significantly by many supply chain challenges over the past two years: a global pandemic, multiple logistics strikes, and semiconductor chip shortages. All of which severely impacted automakers’ ability to continue with manufacturing and keep up with consumer demand. With so many struggles happening simultaneously, Ford Motor reported that for the first time since 2020, they’ve seen the smallest decline in sales in April 2022 than in previous months. The popular automaker is hopeful that this is a positive indicator that the market will soon be turning around in favor of production lines. An article written by CNBC contains Ford Motor’s sales report and comments on the industry.
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