Supply issue: A F-150 Lightning being assembled at a plant in Dearborne, Michighan. Ford is beset by an intractable chip shortage that slashed F-Series truck sales by 31% in the United States in the first quarter. — AFP/Ford Motor Co
MICHIGAN: Ford Motor Co slightly exceeded earnings expectations in the first three months of the year as higher prices offset supply-chain snarls that have limited production.
One day after rolling out an electric version of the F-150 pickup truck, Ford posted adjusted earnings per share of 38 US cents (RM1.66), topping the 36 US cents (RM1.57) analysts predicted on average.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
