Recently, Ford Motor announced the company's financial information. Surprisingly, the automaker's net profit in the fourth quarter of 2021 soared to as much as $12.3 billion after a year-over-year loss of $2.8 billion in 2020. In addition, Ford also announced that its net profit for 2021 was $17.9 billion, which is also a huge increase from the same period last year.
Ford F-150 Lighting
As we all know, in the past year, the world's major automakers are still affecting the production of their models because of the shortage of chips, and also affecting profits. But the U.S. auto giant has seen a significant increase in profits during this tough time, largely thanks to the company's investment in Rivian. Ford made a strategic investment in the early days of Theivian, which went public last November and began delivering vehicles late last year. According to previous media reports, Ford's previous $1.2 billion purchase of Rivian stock once reached $10 billion at its highest market value, and the profit reported by Ford included the huge gain of $8.2 billion.
In addition, Ford also released financial data for the full year of 2021, which showed that Ford's net profit attributable to common shareholders of the parent company in fiscal 2021 was $17.937 billion, an increase of 1502.42% year-on-year; operating income was $136.341 billion, up 7.23% year-on-year. However, with the release of the earnings report, Ford's stock price has declined. John Lawler, Ford's chief financial officer, said that may be due to Wall Street's unease over lower trading volumes, with some investors expecting Ford to perform better. However, in its view, because of the chip supply problem, Ford can not reach the market before the expected production.
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