Ford Motor is postponing the launch of its Bronco SUV to summer 2021 because of Covid-related problems

Ford Motor is postponing the launch of its impending Bronco SUV from spring to summer of one year from now due to Covid related problems in its gracefully chain, the organization told its sellers Friday evening.

Clients who had held vehicles were required to start the requesting cycle Monday. That has now been postponed until mid-January, Ford representative Jiyan Cadiz told CNBC.

“We are committed to building Broncos with the quality our customers expect and deserve,” he stated, declining to examine explicit issues with its flexibly chain.

Portage shares fell on the news, yet shut Friday at $9.34, up 1.4%. During night-time exchanging, the stock, which has a market estimation of $36.5 billion, was down under 1%.

The delay of the Bronco is a disturbing sign for Ford — and possibly the U.S. automobile industry, if issues with providers reappear because of rising Covid cases. In the U.S., a seven-day normal of new day by day Covid cases remains at its most significant level yet, as of Thursday, as indicated by a CNBC examination of Johns Hopkins University information.

In the spring, as the infection quickly spread across North America, automakers needed to postpone a few items by months, if not a year, because of provider issues or to ration capital. They likewise shut down homegrown production lines for around two months.

The 2021 Bronco is one of the most profoundly foreseen vehicles from Ford in years. The Bronco would contribute almost $1 billion to Ford’s North American pretax profit if deals arrived at 125,000 units, as per Credit Suisse.

The organization has said in excess of 150,000 individuals have set bookings for the vehicle, which the organization recently delivered from 1965 until 1996.

As a feature of the postponement, clients will presently have until March 19 to put in their request and consent to a last value, Cadiz said. Additionally, a profoundly foreseen “Yeti bundle” with manual transmission has been pushed back to the 2022 model year.

Provider issues have not affected the Bronco Sport, a vehicle presently showing up in businesses that is important for Ford’s new “Horse family” of vehicles. Think of it as a cousin of the Bronco. The Bronco depends on a truck stage while the more modest Bronco Sport accompanies less ground-breaking four-chamber motors and depends on a vehicle or hybrid structure for a smoother ride.