Ford stock has biggest daily drop since 2011 after inflation warning - Reuters

Sept 20 (Reuters) - Ford Motor Co's (F.N) stock tumbled over 12% on Tuesday in its deepest one-day decline in over a decade after the automaker said inflation-related costs would be $1 billion more than expected in the current quarter and that parts shortages had delayed deliveries.

"It appears that across the industry, chip and components shortages may be improving at a slower pace than anticipated," Deutsche Bank analyst Emmanuel Rosner said.

In July, Ford said it expected commodity costs to rise $4 billion for the year.

It was unclear if chip and parts supply will normalize by the end of the year, Deutsche Bank's Rosner said.

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