Ford Motor Shares Up 2% on Q1 Earnings Beat, Affirms 2022 EBIT Guidance

This post was originally published on this site

The company is on track for 600K EV units by late 2023.

CEO Jim Farley said the appeal of the Bronco, Bronco Sport, Maverick, Mustang Mach-E, E-Transit, and F-150 Lightning is “undeniable.”

The company affirmed its full 2022-year adjusted EBIT guidance of $11.5-$12.5 billion, up 15% to 25% from a year ago.

Shares of Ford are down 29% year-to-date.

By Davit Kirakosyan