- December 22, 2021
- Posted by: Stratford Team
- Category: Business
In a change from decades of auto industry practice, Ford Motor Company (NYSE:F) has been moving to take control of important parts of its supply chain. In this Motley Fool Live video, recorded on Dec. 9, Industry Focus host Nick Sciple and Motley Fool senior auto specialist John Rosevear look at Ford’s recent deal with chipmaker GlobalFoundries (NASDAQ:GFS) and how that fits into Ford CEO Jim Farley’s plan to revamp how the company manufactures its vehicles.
Nick Sciple: Ford made a very significant deal earlier, about a month ago, with GlobalFoundries trying to shore up its chip supply. How does this still fit into the goings-on of the auto industry today?
John Rosevear: Well, it’s interesting. In the early days of the auto business, Ford was a pioneer of vertical integration. They had this giant factory in Dearborn, Michigan, where the iron ore arrived on barges, and out the other end came finished…
