Ford Motor Auto Concern ended 2021 with a profit

A report published by Ford Motor shows a productive end in 2021. The auto giant’s net profit is estimated at $17.9 billion, or $4.45 per share. The prior year saw a net loss of $1.3 billion, or $0.32 per share. Revenues increased during the reporting period by 7% to $136.3 billion. The amount of net income of Ford Motor in the fourth quarter was $12.3 billion, or $3.03 per share. Between Oct.-Dec. 2020, there was a net loss of $2.8 billion, or $0.7 per share. The quarterly revenue of the automaker decreased by 5% in annual terms. It amounted to $37.7 billion. Ford Motor expects the current quarter to end with denial performance compared to Q1 of 2021 due to interruptions in the supply of semiconductors and the launching of limiting measures in connection with the spread of omicron. Nevertheless, car sales in North American countries may show significant growth.

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Arseny Kudrin

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