{"id":358913,"date":"2021-10-28T00:01:38","date_gmt":"2021-10-27T21:01:38","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ford-lifts-forecast-citing-better-semiconductor-supply\/"},"modified":"2021-10-28T00:01:38","modified_gmt":"2021-10-27T21:01:38","slug":"ford-lifts-forecast-citing-better-semiconductor-supply","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ford-lifts-forecast-citing-better-semiconductor-supply\/","title":{"rendered":"#Ford lifts forecast, citing better semiconductor supply"},"content":{"rendered":"

“#Ford lifts forecast, citing better semiconductor supply<\/strong>”<\/p>\n

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\n Jim Farley, CEO of Ford Motor Company, shown at the May unveiling of the new all-electric F-150 Lightning.
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Ford reported better-than-expected results Wednesday, citing a “significant” improvement in semiconductor availability in the latest quarter and announcing it would restore dividends.<\/p>\n

The Detroit giant, which has joined other major automakers in cutting back production amid a global chip shortage, saw lower revenues tied to a drop in car sales compared with the year-ago period.<\/p>\n

But Ford said semiconductor availability in the latest three months was “markedly improved” from the prior quarter, even as supply “remains a challenge.”<\/p>\n

Profits fell 23 percent to $1.8 billion on a five percent drop in revenues to $35.7 billion, the automaker said in a statement.<\/p>\n

Ford lifted its full-year operating profit forecast and said its board voted to reinstate a dividend. Investors will get 10 cents a share on December 1.<\/p>\n

Like General<\/a> Motors and other rivals, Ford is aggressively ramping up investments in electric vehicles. The company has unveiled an all-electric version of its popular F-150 pickup truck and plans a new F-Series<\/a> truck plant in Tennessee.<\/p>\n

The company’s share price rose 3.7 percent to $16.09 in after-hours trading.\n <\/p>\n\n

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GM Q3 profit drops amid semiconductor crunch\n <\/p><\/div>\n

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\n \u00a9 2021 AFP<\/p>\n

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Citation<\/strong>:
\n Ford lifts forecast, citing better semiconductor supply (2021, October 27)
\n retrieved 27 October 2021
\n from https:\/\/techxplore.com\/news<\/a>\/2021-10-ford-citing-semiconductor.html<\/p>\n

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