by Amruth Sundarkumar | Oct 27, 2022 | Corporates, High Yield Bonds
American car maker Ford Motor recorded a net loss of 827mn in Q3 2022 compared to a net profit of $1.8bn one year prior despite revenue increasing 10% to $39.2bn. The loss was mainly driven by its strategic decision to shift capital spending away from its Argo AI...
by Amruth Sundarkumar | Jul 28, 2022 | Corporates
American carmaker Ford Motor Company posted a sharp 50% jump in revenue to $40.2bn in Q2 2022. The strong performance translated into higher earnings with adjusted EBIT tripling to $3.7bn, significantly higher vs. analyst expectations of $2.37bn, as margins improved...
by Amruth Sundarkumar | Mar 3, 2022 | Corporates
American carmaker Ford Motor Co. announced on Wednesday that it will be undergoing a restructuring that involves separating its electric vehicle (EV) business from its internal combustion engine (ICE) business. CEO Jim Farley said, “We are going all in, creating...
by Amruth Sundarkumar | Feb 4, 2022 | Corporates
American carmaker Ford Motor reported Q4 earnings on Thursday with revenues of $37.7bn, up 5% YoY and net income of $12.3bn vs. a net loss of $2.8bn in Q4 2020. The net income included an $8.2bn gain on its investment in EV startup Rivian Automotive; adjusting for it...
by Amruth Sundarkumar | Jan 19, 2022 | Corporates
Ford Motors gave a guidance for its Q4 results saying that it includes an $8.2bn gain on its investment in Rivian Automotive Inc., an American electric vehicle automaker and automotive technology company. Rivian debuted in public markets with a $12bn IPO in 2021 and a...
