Net income of the Ford Motor Company 2007-2019

Net income attributable to Ford came to 47 million U.S. dollars in 2019. Net income was more than 3.6 billion U.S. dollars lower than in 2018. Concurrently, company revenue contracted by three percent and fell to 155.9 billion in 2019.

Market acceptance woes

The year-on-year decline of 3.63 billion U.S. dollars was mainly driven by losses in Ford's mobility segment of almost 1.2 billion U.S. dollars as well as underwhelming automotive earnings. Both factors seem indicative of low market acceptance: Vehicle wholesales fell from 6.6 million to around 5.4 million units between 2017 and 2019.

Ford had a particularly difficult year in China, where the company sold about 535,000 vehicles, about 200,000 fewer than in 2018. 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 2019, Ford barely avoided falling in the red.