Ford Motor Co. on Wednesday Second quarter profit increased by nearly 20% A year ago, a global chip shortage hit the business seriously.
Automakers recorded a profit of $ 667 million, up from $ 651 million in the year-ago quarter. Revenues increased significantly from $ 26.8 billion to $ 40.2 billion, thanks to higher vehicle sales and higher prices.
Globally, Ford sold just over one million vehicles in the last quarter, a surge from 764,000 in 2021.
Ford said the 2022 forecast has not changed. Previously, we expected adjusted profit before deducting interest and taxes to be between $ 11.5 billion and $ 12.5 billion.
