Ford Motor on Tuesday posted first-quarter net income of $1.8 billion, reversing a $3.1 billion loss a year earlier, and reaffirmed its full-year guidance as the company bounces back from global supply chain shortages.
Ford Motor on Tuesday posted first-quarter net income of $1.8 billion, reversing a $3.1 billion loss a year earlier, and reaffirmed its full-year guidance as the company bounces back from global supply chain shortages.
Despite discounts by automakers such as Ford and Stellantis, the average new-vehicle price rose 2.5 percent in April, and more increases are expected.