Ford posts surprise $3.26B 1Q profit; chip shortage looms
https://apnews.com/a5683b65fccbf7ae062926867ee87192
DETROIT (AP) — Ford Motor Co. says it made $3.26 billion in the first quarter, helped by rising vehicle prices and in spite of production cuts due to a global shortage of computer chips.
The earnings reversed a nearly $2 billion net loss from a year ago, when Ford burned through cash at the start of the coronavirus pandemic.