JAKARTA - US automaker Ford Motor suffered a net loss of $3.1 billion in the first quarter of 2022, while supply chain disruptions remain a barrier for the company to meet strong demand.
Ford's loss was primarily due to a mark-to-market loss of $5.4 billion on its investment in Rivian. This is the statement of Ford's management in its official statement, quoted from Antara, Saturday, April 30.
Ford said strong customer demand for fresh produce in the first quarter of 2022 was disrupted by persistent supply chain issues that reduced the company's pace of meeting demand.
"The appeal of these products--Bronco, Bronco Sport, Maverick, Mustang Mach-E, E-Transit and now the F-150 Lightning--is undeniable," said Ford CEO Jim Farley, adding that it was demonstrated by high orders. .
As the electric vehicle market grows, Ford is committed to achieving a worldwide EV production capacity of at least 600,000 by the end of 2023.
Ford, which is increasing its battery supply, is also on its way to a production capacity of more than 2 million electric vehicles (EVs) annually from the end of 2026.
In the first quarter of this year, continued global semiconductor shortages weighed on Ford's production performance and January and February shipments, although production levels improved significantly during March.
Ford reported first-quarter revenue of $34.5 billion, with vehicle deliveries to dealerships of nearly 970,000 units, down 9 percent from a year ago.
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