Published 1 year ago

Ford CEO reports $2 billion loss in profits in 2022, falling short of expectations

Summary by Ground News

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.

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Associated Press News

Ford 4Q profit drops 90%, company says more cost cuts coming

Ford says its fourth-quarter net income fell 90% from a year earlier. That led company officials to say Thursday that the automaker's costs are too high and to pledge more

1 year ago·United States

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abc News

Ford 4Q profit drops 90%, company says more cost cuts coming

Ford says its fourth-quarter net income fell 90% from a year earlier

1 year ago·United States

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The Hill

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…

1 year ago·Washington, United States

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Bloomberg

Ford’s Fourth-Quarter Profit Falls Short of Analysts’ Estimates

Ford Motor Co., ramping up electric-vehicle production while struggling to make money on its plug-in models, posted fourth-quarter profit that fell short of Wall Street estimates, blaming poor execution and continued supply shortages.

1 year ago·United States

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WPLG

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…

1 year ago·Miami, United States

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WKMG

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…

1 year ago·Orlando, United States

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