UPDATE 1-Ford posts first-quarter loss, maintains full-year profit outlook on strong pricing

By Reuters

Ford Motor Co on Wednesday maintained its profit forecast for the year, citing strong pricing for its vehicles. The automaker reported a net loss of $3.1 billion for the first quarter, which it attributed primarily to a lower valuation of its stake in electric vehicle maker Rivian Automotive Inc. Ford said it still expects $11.5 billion to $12.5 billion in operating earnings, despite the war in Ukraine, supply-chain disruptions, inflation and rising U.S. interest rates that have hit the industry.

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Via:: Sports Headlines


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