Currently reading: Ford CEO: ‘We should have done much better’ in 2022
American giant loses $2 billion amid supply shortages; Jim Farley says it left “profits on the table”

Ford president and CEO Jim Farley has said the firm “should have done much better” after it posted losses of $2.0 billion (£1.6bn) in 2022.

“We left about $2bn in profits on the table that were within our control,” Farley said.

On the firm’s Q4 earnings call, he added: “To say I am frustrated is an understatement because the year could have been so much more for us.”

Ford attributed the overall loss to special items (one-off costs), including a $7.4bn

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