Much like 2020, 2021 has been a challenging year for the automotive industry. The global automotive semiconductor shortage has impacted automakers’ production and 2022 forecast, with brands halting or cutting their outputs to tackle the shortage. The number of worldwide car sales in 2021 was projected to be about three million more than the 2020 sales volume, an increase that still comes in far below pre-pandemic levels. As one of the global leaders in car manufacturing, Ford reported a financial performance in line with the international market: The Ford Motor Company's revenue came to over 136 billion U.S. dollars in 2021. This was up from 127 billion U.S. dollars in 2020 but still 12 percent under pre-pandemic financial recordings.
The bulk of Ford’s 2021 revenue was generated from the sales of their two main automobile brands, Lincoln and Ford. The manufacturer’s subsidiaries also include Ford Motor Credit Company, which provide financing, leasing, and insurance to and through its dealers. Ford Credit helped facilitate the purchase of new and used vehicles by retail customers, rental companies, and government entities, along with making it possible for dealerships to improve their facilities.
To increase performance, Ford expanded its engineering, research, and development expenditures in 2021 to 7.6 billion U.S. dollars. Most of this was expected to go toward a new fleet of electric vehicles which would promote the company’s goal of having 50 percent of its global vehicle volume be fully electric by 2030.
In June 2020, it was announced that Ford would gain access to Volkswagen's modular electric drive (MEB) architecture to assemble EVs which put a halt to a planned partnership between Ford's Lincoln brand and EV automaker Rivian . In September 2021, the manufacturer further announced plans to open campuses in Tennessee and Kentucky to build the next generation of electric F-series trucks and batteries.
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In the following 4 chapters, you will quickly find the 28 most important statistics relating to "Ford ".