Ford CEO reports $2 billion loss in profits in 2022, falling short of expectations
19 Articles
19 Articles
Ford 4Q profit drops 90%, company says more cost cuts coming
Ford Motor Co. reported Thursday that its fourth-quarter net income fell 90% from a year earlier, leading company officials to say the automaker's costs are too high and to pledge more belt-tightening this year.CEO Jim Farley said Ford should have done better last year, and it left $2 billion in profits on the table that were within its control. He said Ford will correct that with improved urgency and execution this year.“These are the simple fa…
Ford CEO reports $2 billion loss in profits in 2022, falling short of expectations
Ford Motor Co. announced Thursday that the company fell short of its expectations in the fourth quarter and last year, reporting that it lost $2 billion in profits. In a press release published Thursday, Ford CEO Jim Farley said that the company should have done “much better” in 2022. The press release said that in…
Ford 4Q profit drops 90%, company says more cost cuts coming
Ford Motor Co. reported Thursday that its fourth-quarter net income fell 90% from a year earlier, leading company officials to say the automaker's costs are too high and to pledge more belt-tightening this year.CEO Jim Farley said Ford should have done better last year, and it left $2 billion in profits on the table that were within its control. He said Ford will correct that with improved execution this year.The global shortage of computer chip…
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