USA – Ford Motor Co on Thursday forecast that its 2022 operating profit will rise as much as 25%, boosted by North American demand and a strong environment for vehicle prices.
Ford posted an operating profit of $10 billion and an operating margin of 7.3% last year. Full-year net income of $17.9 billion includes a one-off item for its investment in electric-vehicle maker Rivian Automotive Inc.
Fourth quarter net income was $12.3 billion. Adjusted earnings before interest and taxes were $2 billion.