The Ford company exceeded the U.S. revenue forecasts and profits in the fourth quarter. However, the management of the company predicts a challenging year ahead and promised improvements in the quality of vehicles and cost reductions. "We improved our performance in the fourth quarter and I congratulate the results of our team. But we have yet to achieve our ambitious goals on revenues and margins," said interim director Jim Farley.
The company also announced plans to invest $22 billion in electric vehicles and related technologies. Ford is also aiming to increase production and optimize its processes in 2022.
This year, the company expects to face a number of challenges, such as a shortage of semiconductor chips, inflation, and the overall downturn of the global economy. Nonetheless, Ford's management is confident that they will be able to overcome difficulties and achieve success in the future.
