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Ford lifts full-year guidance but chip shortage remains a concern

Ford lifts full-year guidance but chip shortage remains a concern

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Ford Motor Company (NYSE:F) increased its forecast for full-year profit, but said the shortage of computer chips remains a challenge. Problems with semiconductor availability led to a 5% drop in the US automaker’s revenue to US$35.7bn in the third quarter, while adjusted profit before interest and tax (EBIT) fell by almost 17% to US$3bn and net income declined to US$1.8bn from US$2.4bn.

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