Ford Posts Full-Year Net Loss, Ugly 4th Quarter 

Ford-sales-fourth-quarter-year-2022

Ford Motor reported an ugly fourth quarter, missing Wall Street’s earnings expectations and falling short of its own full-year guidance by $1.1 billion, as the company reported “execution issues” that plagued operations.

Ford’s fourth-quarter net income was $1.3 billion, $11 billion lower than the same period a year earlier. For the full year, Ford lost $2 billion, nearly $20 billion off its 2021 profit.

“We should have done much better last year,” CEO Jim Farley said in an earnings release. “We left about $2 billion in profits on the table that were within our control, and we’re going to correct that with improved execution and performance.”

To read more, see CNBC.

checklist for Revv

The Complete ADAS Calibration Checklist: From First Scan to Final Invoice

Get the 21-page checklist to identify ADAS systems, trigger calibrations, follow OEM steps and documentation.

Send Me the Checklist

Shop & Product Showcase