Ford Lost $2 Billion in 2022 as Some Investments Soured

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Ford Lost  Billion in 2022 as Some Investments Soured

The company sold 1.15 million vehicles in the fourth quarter, an increase from 1.1 million a year earlier but about 500,000 fewer than Ford had expected, Mr. Lawler said.

Ford’s production has been slowed by the global shortage of computer chips, and Mr. Lawler said the company expected some disruptions to continue this year and a slight increase in production volume.

“In 2023, there is still going to be volatility on chips,” he said. “On the older chips used in the auto industry, there is still capacity constraint.”

Ford said it expected this year’s adjusted earnings before interest and taxes to range between $9 billion and $11 billion.

Shares of Ford stock were down about 7 percent in extended trading on Thursday.

Earlier in the day, Ford said that its sales of cars and trucks in the United States increased 2 percent in January and that its sales of electric vehicles more than doubled in the month.

The automaker sold 145,070 cars and light trucks last month, up from 142,445 in January 2022, when a shortage of computer chips slowed production and left dealers with few vehicles to sell. At the end of January, Ford had 370,000 vehicles on dealer lots, up from 201,000 a year earlier, a strong signal that supply chain problems were easing.

Models responsible for the increase included pickup trucks, the Bronco sport utility vehicle and battery-powered models. Ford sold 2,264 electric F-150 Lightning pickup trucks, up from just 63 in January 2022, when the vehicle had just become available. It also sold 2,626 Mustang Mach-E electric S.U.V.s, up 11 percent.