" Form 10-Q for the Quarterly Period Ended June 30, 2021,". " Ford, Fiat Chrysler Returning to Pre-Coronavirus Production Levels." " Form 10-Q for the Quarterly Period Ended June 30, 2021," Pages 33, 36.ĬNBC. " Form 10-K for the Fiscal Year Ended Dec. After suspending production at facilities around the world in March 2020, Ford returned to normal production schedules in June of that year.įord Motor Co.
Throughout the pandemic, Ford's business has been negatively affected by production suspensions and the global semiconductor supply shortage. The company's total revenue for Q2 2021 was $26.8 billion, up 38.1% year-over-year (YOY) as sales began to recover from the major disruptions to the economy caused by the COVID-19 pandemic beginning in early 2020.
Despite that, Ford reported company-wide adjusted earnings before interest and taxes ( EBIT) of $1.1 billion in Q2 2021 compared to adjusted EBIT of -$1.9 billion in the same quarter a year earlier. The company posted net income of $553 million, down substantially from net income of $1.1 billion for the prior-year quarter. sites that will focus on electric vehicle (EV) production and batteries.įord's most recent earnings report was for Q2 2021, ended June 30, 2021.
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We offer flexible solutions because we understand that there is no 'one size fits all' when it comes to your finance solution, and we ensure you are aware of all the options available to help you choose a finance solution that works for you. We conveniently manage your transaction from application, to approval, documentation and settlement, making finance and insurance simple, easy and all in the comfort of our showroom.
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