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Ford Warns Parts Shortages in Q3 Will Impact Financial Performance

September 20, 2022 By CollisionWeek Editor

Ford again affirmed its expectation for full-year 2022 adjusted earnings before interest and taxes of between $11.5 billion to $12.5 billion, despite limits on availability of certain parts as well as higher payments made to suppliers to account for the effects of inflation. According to the company, the supply shortages will result in a higher-than-planned […]

Filed Under: News Tagged With: Ford Motor Company, Parts Supply

Auto Industry CEOs Call on Congress to Pass Semiconductor Funding ‘Critical’ to U.S. Competitiveness

June 24, 2022 By CollisionWeek Editor

More than 20 CEOs spanning automotive manufacturers, suppliers and innovators sent a letter to members of Congress negotiating final competition legislation, urging quick passage of a bipartisan bill, the CHIPS for America Act, which includes funds to increase domestic capacity and resilience of semiconductor supply chains ‘critical’ to the future of the auto industry in […]

Filed Under: News Tagged With: Parts Supply, Semiconductors

Commerce Department Reports Automotive Semiconductor Supply Chain Remains Fragile

January 26, 2022 By CollisionWeek Editor

Acute concern for legacy automotive chips. While positive news on private investment, department says report supports proposed $52 billion government support for domestic production. The U.S. Department of Commerce yesterday released the results from the Risks in the Semiconductor Supply Chain Request for Information (RFI) issued in Sept. 2021. The RFI showed that median inventory […]

Filed Under: News Tagged With: legislation, OEM Parts, Parts Supply, Semiconductors, Supply Chain, U.S. Department of Commerce

Interview: Susanna Gotsch, CCC Intelligent Solutions, Details Collision Repair Claims Trends

December 17, 2021 By CollisionWeek Editor

Gotsch discusses data on 2021 claims and the factors influencing collision repair and insurance claims markets into next year. Average cost per part running 8% higher in 2021. Labor rate growth hasn’t accelerated in 2021, but is expected higher in 2022 in wake of labor shortage. In our video interview, Susanna Gotsch, Senior Director, Industry […]

Filed Under: Feature Tagged With: CCC, Claim Frequency, Claim Severity, Inflation, Interview, Labor Rates, Parts Supply

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