Ford Motor Company reports a 16.7% increase in revenue to $44 billion in the fourth quarter.
The leading automaker in the US, Ford Motor Co., missed its profit guidance for the full year 2022 because of supply chain disruptions, structural inefficiencies, and quality problems. In today’s breaking news, Ford reported a net income of $1.3 billion in Q4, a YoY drop of 89%. The income in the previous year included gains from investments in Rivian Automotive Inc., an EV startup. Ford posted Q4 revenues of $44…