Leading automaker Ford Motor Company (F) reported solid second-quarter 2022 operating results. Its total revenue grew 50.2% year-over-year to $40.19 billion, while its adjusted EPS came in at $0.68, up 423.1% year-over-year. The company’s first-generation EVs, the Mustang Mach-E, the Lightning, and the E-transit, are witnessing high market demand.
However, the company warned investors last month that it expects to incur an additional $1 billion in costs during the third quarter of fiscal 2022 due to inflationary pressures and supply chain issues. The company stated that parts shortages would lower deliveries, affecting nearly 40,000 to 45,000 vehicles, mainly high-margin trucks and SUVs.
