Ford left ‘$2B of profits on the table’ in 2022

Ford reported Thursday it earned $10.4 billion in net income last year, falling well below its own guidance and missing Wall Street’s expectations as the U.S. automaker struggled with supply chain issues and production instability that drove down sales and pushed operating costs higher.
Shares fell as much as 8.3% in after-market trading, before recovering. Ford shares are $13.56, down 5.3% in after-market trading.
Ford CEO Jim Farley said that many of its misses were in the company’s control.
“We should have done much better last year,” Ford CEO Jim Farley said in a st

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