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I read this tidbit from The Detroit Free Press today:
"While commodity price remained stable because of 2020 contracts, Ford is now expecting to see prices on aluminum, steel and precious metals increase by about $2.5 billion, Farley said. "So that's going to hit us as we go through the rest of the year.""
I work in stainless steel and the increases across all steel and aluminum has been extreme along with lots of availability issues. I imagine Ford has the ultimate buying power as far as availability but pricing is increasing significantly for everyone. I am scared that they will have to pass some kind of increases across the board for 22. It's a lot of $ to just absorb. I kind of expected an increase even on 21 model year but if they have fixed pricing contracts that might mitigate some of that.
"While commodity price remained stable because of 2020 contracts, Ford is now expecting to see prices on aluminum, steel and precious metals increase by about $2.5 billion, Farley said. "So that's going to hit us as we go through the rest of the year.""
I work in stainless steel and the increases across all steel and aluminum has been extreme along with lots of availability issues. I imagine Ford has the ultimate buying power as far as availability but pricing is increasing significantly for everyone. I am scared that they will have to pass some kind of increases across the board for 22. It's a lot of $ to just absorb. I kind of expected an increase even on 21 model year but if they have fixed pricing contracts that might mitigate some of that.
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