Ford lost $1.2 BILLION on revenue of $127 billion (down from $160 billion in 2018 and $143 billion in 2019.
The loss would be worse, but there was $4.9 BILLION in "other revenue." The "Smart Mobility" group is responsible for losing almost $1 BILLION again last year.
And goodbye, Zotye, you couldn't possibly have lost so much money without Ford.
Well, if one 100 year old dilapidated train station in a wonderful, world class city isn't good enough to make an AUTOMOTIVE company profitable, then maybe 10 dilapidated train stations in multiple areas of the 3rd World would be even better. I hope Bill and Jim are working on those plans right now!
And while they are at it, if they would just start focusing much, much more on what matters like a little more Diversity, Inclusion, Minority Hiring, Climate Change, and retraining their workforce on inequality, profits would soar!! At least hire a woman CEO who can be a cheerleader for EV products! She can come out with a slogan that Ford will be completely EV by 2030! That will show GM.
Ford lost $1.3 billion in 2020, but General Motors, with the same pandemic and all, earned $6 billion. What excuse does Ford have that Mary Barra couldn't use?
The train station helps the most.
You know what helps stop losses? ... more meetings.. more talking and less doing. Quality/Warranty ... hello?