- Fourth-quarter results include revenue of $37.7 billion, net income of $12.3 billion, adjusted
EBIT of $2.0 billion - Full-year net income was $17.9 billion; company adjusted EBIT of $10.0 billion at midpoint
of $9.6 billion to $10.6 billion guidance range, after reclassifying Q1 Rivian gain - Global production capacity of iconic, high-volume BEVs to be at least 600,000 by 2023
- Full-year 2022 adjusted EBIT expected to be $11.5 billion to $12.5 billion, up 15% to 25%
DEARBORN, Mich., Feb. 3, 2022 – Ford yesterday announced solid fourth-quarter and full-year
operating results for 2021 despite persistent supply chain disruptions – a year the company said
is most notable for rapid progress carrying out the ambitious Ford+ plan for growth and value
creation, and establishing itself as a leader in must-have connected, electric vehicles.
“Financial performance is obviously critical,” said President and CEO Jim Farley. “We’re also
proud that customers see how Ford is taking EVs mainstream, and have already ordered or
reserved more than 275,000 all-electric Mustang Mach-E SUVs, F-150 Lightning pickups and
E-Transit commercial vehicles – and we’re breaking constraints to deliver every one of them as
fast as we can.”
Customers made Ford the No. 2 seller of electric vehicles in the U.S. in 2021, what Farley called
“an important early step toward eventually being the true EV leader.” Earlier, he said that the
company will double worldwide EV manufacturing capacity to at least 600,000 by 2023 – and for fully electric vehicles to represent at least 40% of its product mix by 2030.
About Ford Motor Company
Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, that is committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for and deepen the loyalty of those customers. Ford designs, manufactures, markets and services a full line of connected, increasingly electrified passenger and commercial vehicles: Ford trucks, utility vehicles, vans and cars, and Lincoln luxury vehicles. The company is pursuing leadership positions in electrification, connected vehicle services and mobility solutions, including self-driving technology, and provides financial services through Ford Motor Credit Company. Ford employs about 184,000 people worldwide. More information about the company, its products and Ford Motor Credit Company is available at corporate.ford.com.
Photo courtesy of Ford
