Net income or loss of the Ford Motor Company 2007-2023

Net income attributable to the Ford Motor Company was over 17.9 billion U.S. dollars in 2023, which was a net icome slightly below the one recorded in 2021. Amid the outbreak of the coronavirus pandemic in the company's largest markets, Ford's revenue contracted by 22 percent and fell to 127 billion U.S. dollars in 2020, but have been rebounding since. However, automotive supply chain disruptions due to the semiconductor shortage and Russia's invasion of Ukraine contributed to the net loss the company recorded in 2022. By 2023, despite disruptions due to strikes in Ford's U.S. assembly plants, the company recorded a steep year-over-year net income growth.

Market acceptance woes

The year-on-year decrease recorded in 2022 was also driven by losses on the Chinese market, which came to a halt amid national lockdowns due to the pandemic. Other performance indicators faired better in 2022, but higher costs and expenses impacted the company's net income. These increased costs were in parts due to the global chip shortage affecting Ford's manufacturing plants. By 2023, Ford's total costs and expenses had decreased, partly due to lower cost of sales. The company further reported an increased market acceptance: Vehicle wholesales grew from 4.2 million to around 4.4 million units between 2022 and 2023.

Costs outweigh earnings in times of crisis

Net income attributable to the Ford Motor Company has been very volatile over the course of the past decade. The Detroit car manufacturer produced net losses of almost 15 billion U.S. dollars in the wake of the 2008-09 financial crisis. However, recovery was relatively quick, and the automaker brought net income close to 16.9 billion U.S. dollars in 2011. In 2020, Ford was unable to avoid falling in the red. Its 2021 recovery did not last in 2022, as external market challenges contributed to the third highest losses recorded by the company since 2007.