Ford Motor Co. tumbled into a bear market after a fourth-quarter profit and sales missed Wall Street expectations. Chief Executive Jim Farley warned of “persistent supply-chain disruptions” limiting its ability to meet strong demand. Reuters reports the Detroit automaker will …
HONG KONG—The city is banning passenger flights from eight countries, including the U.S., for two weeks, closing bars and banning evening dine-in after the city’s first community Omicron infections punctured one of the world’s strictest and most effective border controls. …
Storable food mega-supplier Augason Farms has ceased operations for 90 days, citing, “global raw-material shortages” and “substantial delays” in procurement and production. h/t No Jab 4 Granny
Ford will again shut down the Chicago Assembly Plant and lay off thousands of workers because of the worldwide semiconductor shortage that’s greatly disrupted automaking. The automotive factory at 12600 S. Torrence Ave. in Hegewisch will shut down the week of May …