Ford reported "solid" operating results in 2021 despite the ongoing supply chain crisis, citing demand for its new pure-EVs as pivotal in its bounce-back from a loss the year before.
The company's $17.9 billion (£13.2bn) profits on $136.3bn (£100.3bn) of revenue compares with a $1.3bn (£0.96bn) loss on $127.1bn (£93.6bn) in 2020, when its operations were throttled by the pandemic. It finished 2021 with the best financial results since 2016.
Chief financial officer John Lawler said: "Our team did a fantastic job working with partners to maximise component availability. We allocated those volumes to in-demand new vehicles like the Bronco [SUV] and Maverick [small pick-up], profitable models like F-Series [trucks] and Ford Transit, and customer orders.”
