Currently reading: Ford bounces back from 2020 loss despite reduced volumes in 2021

Semiconductor shortage causes 2021 earnings to fall below expectations, but Ford forecasts improvements in 2022

Ford reported "solid" operating results in 2021 despite the ongoing supply chain crisis, citing demand for its new pure-EVs as pivotal in its bounce-back from a loss the year before.

The company's $17.9 billion (£13.2bn) profits on $136.3bn (£100.3bn) of revenue compares with a $1.3bn (£0.96bn) loss on $127.1bn (£93.6bn) in 2020, when its operations were throttled by the pandemic. It finished 2021 with the best financial results since 2016.