Autonomous Vehicle News
Ford Motor Company shares took a hit this week after disappointing news during their latest investors call, losing $2 billion last year. However, the manufacturer brought in a net income of just $1.3 billion during that span, $11 billion less than the year prior. Speaking with investors, Ford CEO Jim Farley says the automaker lost $2 billion in net income last year as a result. “To say I’m frustrated is an understatement because the year could’ve been so much more for us at Ford,” Farley said on the call. In related news, General Motors also shared its earnings for 2022 this week, reporting a net income of almost $10 billion for the calendar year.