The Mustang Mach-E is Ford’s first new all-electric car underneath an $11 billion funding plan in electrified automobiles by 2022.
Michael Wayland / CNBC
Ahead of the coronavirus pandemic shuttering auto vegetation nationwide final spring, Jim Farley, then Ford Motor’s second-in-command, mentioned the automaker is at its best during a crisis.
It’s exhausting to argue with the now-CEO’s feedback as Ford prepares to launch its first-quarter earnings Wednesday following a yr of crises. Wall Street is optimistic, if not bullish, concerning the firm regardless of the coronavirus pandemic and an ongoing global chip shortage that has shuttered most of the automaker’s vegetation.
Average estimates of analysts compiled by Refinitiv count on Ford to report a first-quarter revenue of 21 cents a share and $32.23 billion in automotive income, a 2.8% decline in contrast with a yr earlier.
