- July 29, 2021
- Posted by: Stratford Team
- Category: Business
FOX Business’ Grady Trimble speaks with Ford exec Darren Palmer on electric car models at the Chicago Auto Show.
Ford Motor Co. revved up surprise second-quarter profits this year – powered by climbing pickup and SUV prices even as a global computer chip shortage forced it to pump the brakes on production, which dropped by roughly half.
The company reported revenue of $26.8 billion and net income of $561 million – beating expectations and fueling hopes for the future of Ford+, the company’s new business plan.
“Ford+ is about creating distinctive products and services, always-on customer relationships and user experiences that keep improving,” Ford President and CEO Jim Farley said in a statement. “And it’s already happening – there are great examples everywhere you turn at Ford, and the benefits for our customers and company will really stack up over time.”
Ticker Security Last Change Change %F FORD MOTOR CO. 13.86 +0.06 +0.43%