How much money did Ford make last quarter?

How much money did Ford make last quarter?

The company ended Q3 with $31.5 billion of cash and $47.4 billion in total liquidity. Improvement in semiconductor supplies in North America in the third quarter helped lift regional product shipments 67% from Q2. That increased volume pushed the business unit’s EBIT margin to 10.1%.

Is Ford turning a profit?

Ford raised its full-year operating profit estimate by about $3.5 billion, to between $9 billion and $10 billion. The company reported an operating profit of $1.1 billion, and boosted its full-year forecast for adjusted earnings before interest and taxes to between $9 billion and $10 billion.

How much money has Ford made this year?

Ford Credit saw earnings of $1.1 billion, the same as in the third quarter 2020. For the first three quarters of the year, Ford’s net income of $5.7 billion is up from the $1.5 billion through the first three quarters of 2020. And third-quarter revenue was $36 billion, compared with $38 billion in 2020.

Is Ford making losses?

The carmaker entered India 25 years ago but has a less than 2% share of the passenger vehicles market. In its statement, Ford said it accumulated operating losses of more than $2 billion in 10 years in India and demand for its new vehicles had been weak.

How much is Ford’s debt?

What Is Ford Motor’s Net Debt? The image below, which you can click on for greater detail, shows that Ford Motor had debt of US$144.6b at the end of September 2021, a reduction from US$157.3b over a year. However, it also had US$31.4b in cash, and so its net debt is US$113.2b.

When did Ford announce earnings?

DEARBORN, Mich., September 23, 2021 – Ford Motor Company and Ford Motor Credit Company will release their third-quarter 2021 financial results at 4:05 p.m. ET on Wednesday, Oct. 27.

What is the target price for Ford stock?

Stock Price Target F

High $30.00
Median $23.00
Low $12.00
Average $22.36
Current Price $20.65

Is Ford making or losing money?

Despite the production interruptions, Ford is reporting an operating profit of $1.1 billion, which leads to an adjusted forecast of between $9 billion and $10 billion earnings before interest and taxes.

Why is Ford banned?

Ford India will stop manufacturing vehicles in India but retain the engine-making and technology services business (Global Business Services) as part of restructuring its India operations. It decided to cease manufacturing after considering all options, including contract manufacturing, he added.

Is Ford coming back?

Ford Endeavour to make a comeback; Will cost much more than Toyota Fortuner. According to a recent piece of information on T-BHP, Ford is mulling to bring back the Endeavour SUV in the Indian car market. The Ford Endeavour was the flagship SUV from the American carmaker in India.

How much does Ford owe the government 2021?

Regulatory documents filed by Ford showed the company owes payments of $591 million in 2020, $591 million in 2021 and $289 million in 2022.

When will Ford pay its fourth-quarter dividend?

Ford said the fourth-quarter dividend of 10 cents per share on outstanding common and Class B stock will be paid on Dec. 1 to shareholders at the close of business Nov. 19. The company announced the dividend Wednesday when it released its third-quarter earnings, which beat Wall Street’s expectations.

What did Ford’S Q4 earnings reveal about its balance sheet?

Ford also said it was recording about $1.7 billion in costs associated with buying back and redeeming high-cost debt in the fourth quarter, a step it took to “further strengthen the company’s balance sheet and reduce ongoing interest expenses.” The auto maker also reported a $3.6 billion non-cash benefit related to tax structure changes.

Is Ford’s Rivian gain a special item in Q4 earnings?

Ford, which is reporting its fourth-quarter results on Feb. 3, also said on Tuesday that it would reclassify its $900 million first-quarter 2021 non-cash gain on the Rivian investment as a special item.

How many cars did Ford sell in the fourth quarter?

The Detroit automaker on Wednesday said it sold 508,451 vehicles in the fourth quarter, a 27% increase over the previous quarter — far better than the industry’s decline of about 3% during that period. Inventory jumped in December to 247,000 vehicles, up 22,000 from November, a turnaround from earlier in the year caused by the chip shortage.