Despite a microchip shortage, Ford finished 2021 with its best financial year since 2016, due largely to an $8.3 billion gain from their investment in Rivian. Jim Farley, CEO, announced on an earnings call that the company is done with incremental change, they have a clear plan, a bias for action, and a whatever-it-takes mindset to see profits and volumes continue to increase through 2022.
The Road Ahead:
Lawler expressed confidence in the strength and momentum of the business despite rough times of omicron and semiconductor shortages causing the company to miss desired volumes.
Telling it like it is - Nothing makes us work to keep a good thing going like surviving a bad thing.