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Ford posted a mixed set of Q1 2022 results, as the company continued to witness strong demand, although production was weighed down by continued supply chain issues and rising inflation.
Ford's adjusted earnings before interest and taxes rose 45 percent to $3.4 billion. A majority of that — $2.6 billion — came from Ford Blue, the company's gasoline-powered business.
Ford said Monday that its net income fell by about two-thirds in the first quarter to $473 million, or 12 cents per share, from $1.33 billion, or 33 cents per share in the year-earlier quarter.
Ford Q1 2023 earnings forecast (Source: Estimize) Earnings per share (EPS) is expected to come in around 0.41 to 0.42, showing slight growth from 0.38 in the first quarter last year.
This week, we have news on a CEO Driving, a CEO Letter, Ford's Q1, and a Refresh from Volvo: Our Top EV News for the week of May 5, 2023. Check our free newsletter for more EV news for this week.
Ford's total vehicle sales declined 1.3% year-over-year, while GM said it had its best Q1 sales since 2018. The Trump administration is expected to implement its 25% tariff on foreign cars and ...
Ford’s Model e operating losses swelled to $722 million, more than doubling YOY compared to $342 million in Q1 2022. The business unit’s operating margin also fell to (102.1)%, a drop of 63 ...
Ford F-150 Lightning. In March, Ford sold 2,907 F-150 Lightnings, up 321% year-over-year from a low base of just 407 units in March 2023. In Q1, sales increased by 80% year-over-year to 7,743.
Ford (F) shared on Tuesday that it had shipped 4,291 of its F-150 Lightning EV trucks in Q1 2023 with plans to increase production for a variety of its vehicles.