Ford has stopped its deliveries, citing parts shortages.

Ford has stopped its deliveries, citing parts shortages.

According to the Wall Street Journal, Ford Motor Company is delaying the delivery of its popular F-series pickup truck and other models because it doesn't have enough of its oval nameplates to put on the vehicles. The

The ongoing global semiconductor shortage has caused production delays for many industries, including the automotive sector. The chips are necessary for safety features to function, including automatic braking systems, backup cameras and airbag deployment. The shortage has been exacerbated by the pandemic, as

The auto industry is in the midst of a parts shortage, and it's starting to hit production. Ford earlier said it didn't have enough parts to finish making up to 45,000 pickups and

On Monday, Ford announced that it would incur an additional $1 billion in expenses due to the ongoing supplier squeeze. The supply shortage has led Ford and other auto makers to reduce operations and temporarily shutter plants

There is currently a global shortage of semiconductors, which is having a major impact on the

The stock was under pressure after the company announced it would be suspending its dividend and its production in North America due

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