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If the bonkers preorder numbers for both the and weren't enough of an indication, are plenty proof that the company's electrification efforts are already paying dividends.
“Financial performance is obviously critical,” President and CEO Jim Farley . “We’re also proud that customers see how Ford is taking EVs mainstream, and have already ordered or reserved more than 275,000 all-electric Mustang Mach-E SUVs, F-150 Lightning pickups and E-Transit commercial vehicles – and we’re breaking constraints to deliver every one of them as fast as we can.”
In fact, the company "grew almost 4 times faster than the overall electrified segment" (13,169 units in total), making Ford the current number 2 retailer of electric vehicles in the country behind Tesla (and the country’s top-selling automaker overall), prompting a promise from Farley to double the company's global production capacity for EVs "to at least 600,000 by 2023." He expects EVs to "represent at least 40 percent of its product mix by 2030."
In all, Ford saw revenue of $37.7 billion, a net income of $12.3 billion and $2 billion in EBIT (earnings before interest and taxes) in Q4 2021. The company sold 6,513 Mavericks in January alone — with 3,549 of these sold as hybrids — along with 2,370 , 27 percent of which were . Ford also saw strong interest in its new Transit line of commercial EVs with more than 300 American businesses placing orders for 10,000 vehicles. And, while not wholly electrified, Ford did point out that its pickup lines — the F-150, Ranger, and Maverick — with combined sales of 62,293, outsold GM’s pickups in January.
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“Financial performance is obviously critical,” President and CEO Jim Farley . “We’re also proud that customers see how Ford is taking EVs mainstream, and have already ordered or reserved more than 275,000 all-electric Mustang Mach-E SUVs, F-150 Lightning pickups and E-Transit commercial vehicles – and we’re breaking constraints to deliver every one of them as fast as we can.”
In fact, the company "grew almost 4 times faster than the overall electrified segment" (13,169 units in total), making Ford the current number 2 retailer of electric vehicles in the country behind Tesla (and the country’s top-selling automaker overall), prompting a promise from Farley to double the company's global production capacity for EVs "to at least 600,000 by 2023." He expects EVs to "represent at least 40 percent of its product mix by 2030."
In all, Ford saw revenue of $37.7 billion, a net income of $12.3 billion and $2 billion in EBIT (earnings before interest and taxes) in Q4 2021. The company sold 6,513 Mavericks in January alone — with 3,549 of these sold as hybrids — along with 2,370 , 27 percent of which were . Ford also saw strong interest in its new Transit line of commercial EVs with more than 300 American businesses placing orders for 10,000 vehicles. And, while not wholly electrified, Ford did point out that its pickup lines — the F-150, Ranger, and Maverick — with combined sales of 62,293, outsold GM’s pickups in January.
developing...
Console Bang News!