Ford Takes $1 Billion Hit From Supply Chain Issues, Inflation

The Ford Motor Company’s stock plummeted on Tuesday amid ongoing supply chain and inflation issues, reportedly costing the company $1 billion.

The news raises questions about whether supply chain issues persist.

Ford’s stock (F: NYSE) opened at $14.11 on Tuesday but dropped to $13.38 an hour later.

The Dearborn automaker’s stock closed the day at $13.09.

Ford was forced to plac …