Last year, eligible hourly workers at Ford received up to $7,377 in profit-sharing based on 2021 results. NASDAQ data is at least 15 minutes delayed. February 4, 2022 / 10:32 PM Accessed Feb. 1, 2022. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next 30-90 days. Investors will be looking to see how Ford is managing the chip shortage when it reports earnings on Feb. 3, 2022 for Q4 FY 2021. Featured Statements Ford Motor Co. "Form 10-K for the fiscal year ended December 31, 2020," Page 1. Shortages in key components can easily lead to disruptions in production. The profit-sharing program is part of the contract between the United Auto Workers and GM. Visit www.zacksdata.com to get our data and content for your mobile app or website. It raised its full-year adjusted free cash flow forecast, however . Feb. 14, 2020. It also bought $415 million in Rivian's convertible notes in July that become common stock in June 2022. After rising 4.9% in FY 2015, growth in automobiles sold decelerated to a pace of 0.2% in FY 2016. The bottom line rose 96.2% from the year-ago quarters earnings of 26 cents. Ford plans to continue hiring workers in 2014, saying it will have its largest staffing increase in 50 years. American Axle & Manufacturing Holdings, Inc. (AXL) - free report >>, Aeva Technologies, Inc. (AEVA) - free report >>. UAW workers at FCA will soon be receiving $8,010 checks, which represent profit-sharing based on the company's 2020 performance. You can uncover the best stocks to buy or sell before theyre reported with our Earnings ESP Filter.Zacks Rank: It currently carries a Zacks Rank of 3 (Hold). GM's earnings and revenue easily beat analysts' consensus projections, and the company's 2023 earnings guidance also surpassed expectations. Ford raised its full-year operating profit estimate by about $3.5 billion, to between $9 billion and $10 billion. Ford plans to double production capacity for electric F-150 Lightning truck. Excluding that gain, the company's 2021 guidance would be between $9.6 billion and $10.6 billion. The company also said vehicle pricing is likely to be lower as it has to discount the current year models as it introduces a record number of new models this year. In particular, many automakers had a tough time securing microchips necessary for certain electronic features. We also reference original research from other reputable publishers where appropriate. A 2022 Ford Motor Co. Maverick compact pickup truck during the Washington Auto Show in Washington, D.C., on Friday, Jan. 21, 2022. This is not the case here.Earnings ESP: Ford has an Earnings ESP of +5.27%. First published on February 4, 2022 / 10:32 PM. Reuters. Ford and General Motors both reported double-digit billion-dollar profits for 2021 in their annual earnings statements released last week. The highest payout, prior to this one, was in 2016 at$12,000 per employee. Finance. However, supply chain pressure slowly eased as 2022 progressed, allowing automakers to make headway in satisfying pent-up consumer demand. Ford is reportedly spending an additional $10 billion to $20 billion over the next five to 10 years converting factories worldwide to electric-vehicle production from making gasoline-powered cars, Bloomberg News wrote Tuesday. Comparable 2020 figures were . DETROIT Shares of Ford Motor led the automotive sector in growth last year, soaring by about 140% thanks to a restructuring plan led by CEO Jim Farley. Create a new password. Ford and other automakers were forced to sporadically shutter plants and depleted vehicle inventories due to the lack of chips. That does not include its popular Bronco SUV,which has reservations in the tens of thousands, an official told CNBC last month. Other users read these articles next. Revenues from the Automotive segment increased 18% to $41.8 billion and surpassed the Zacks Consensus Estimate of $39.4 billion.Ford reported an adjusted free cash flow of $2.4 billion during the quarter. Accessed Feb. 1, 2022. September 7, 2022. . For every $1 billion in adjusted earnings before interest and taxes, eligible UAW members at Ford plants and other facilities receive $1,000. Ford's report will come on the heels of Tuesday's fourth-quarter report from General Motors (GM), which recently reclaimed its spot as the top seller of cars in the U.S. from Toyota. Zacks Ranks stocks can, and often do, change throughout the month. Value-added tax (VAT) is collected on a product at every stage of the supply chain where value is added to it, from production to point of sale. GM on Tuesday guided to adjusted earnings per share for the full year 2023 of between $6 and $7, representing a decline from 2022 profit. Inventories shrank along with production, and despite solid consumer demand, U.S. new vehicle sales fell 8% overall in 2022. Ford's shares have provided a total return of 92.7% over the past year, well above the S&P 500's total return of 20.5%. For Q4, analysts currently expect adjusted earnings per share (EPS) and revenue to rise, a significant improvement after the company posted declines in both metrics in the previous quarter. Ford reported mixed Q3 FY 2021 earnings results. A Division of NBCUniversal. 1:02. CNBC'sMichael Bloomcontributed to this report. The declines continued into FY 2021, with total autos sold falling 5.7% YOY in the first quarter. For 2022, GM's North America pretax profits were $12.9 billion, up from $10.3 billion a year ago. This benchmark auto-sector index is a subset of the S&P 500 Consumer Discretionary Index (see chart below). Annual revenue is expected to rise 7.0%, ending a streak of two consecutive years of falling revenue. Ford Motor Co. (F) likely will report Thursday that its fourth-quarter profit more than doubled from a year ago as the U.S. auto market slowly recovered from supply-chain woes that hampered production and left inventories unable to meet consumer demand. The Wall Street Journal. May 10, 2022. . Analysts estimate Ford this year will earn between $1.54 and $2.35 earnings per share on revenue of $147.5 billion, according to Refinitiv. Sep 28, 2022. Adjusted EPS is expected to increase 42.0% compared to the year-ago quarter as revenue grows 4.5%, a turnaround from the declines posted in the third quarter. The automotive long-term debt increased to $19.2 billion from $17.2 billion as of the end of 2022. An increasingly important number being watched by Wall Street is Ford's vehicle order bank, which was at 139,454 orders when the company reported its third-quarter earnings in October. (CBS Detroit) -- Ford's union workers can expect a big payday soon as the company announced they will receive a profit-sharing check an average of . "Ford Raises 2022 Car Prices Before Christmas." April 27, 2023, F Quick QuoteF BWA Quick QuoteBWA AXL Quick QuoteAXL AEVA Quick QuoteAEVA. Farley has said the company plans to move more toward an order-based system rather than the traditional buying process of dealers having large inventories of vehicles that customers choose from and drive off the lot. Each nonprofit profile provides a crisp snapshot of the organizations mission, goals, area of service, giving and volunteer opportunities and board leadership. For all of 2021, Ford reported an operating profit of $10 billion, and an operating margin of 7.3% for the year. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. / CW50 Detroit. Accessed Feb. 2, 2022. The company highlighted the headwinds it faced relating to the shortage of semiconductors, but said that its performance was better than expected in spite of those challenges. That still came in above Wall Street projections for the . Ford said it will pay an average of $8,800 to about 47,000 hourly U.S . Share this article. But Ford repeated its earlier guidance that profits will be lower in 2014 as it spends more on vehicle introductions. "S&P 500 Automobiles & Components (Industry Group). Our privacy policy, To ensure the best experience on our website, articles cannot be read without allowing cookies. The company has an Earnings ESP of +5.88% and a Zacks Rank #3.The Zacks Consensus Estimate for BorgWarners to-be-reported quarters earnings and revenues is pegged at $1.13 per share and $4.21 billion, respectively. A Ford spokesman said checks would be issued on March 10. The shortage has forced Ford and other automakers to scale back production, thus reducing the number of vehicles they are able to sell. Checks will be distributed March 9. Posted: Feb 3, 2022 / 04:37 PM EST. The automaker's first-quarter operating profit of 38 cents a share beat analysts' estimates by a penny. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The company also reclassified a $900 million profit on its equity investment in Rivian to a special item that will impact the company's full-year adjusted earnings guidance. February 3, 2022. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. The payouts will total $500 million, the Detroit automaker said, bringing the three-year total to $1.2 billion. Delivering Vital Marketplace Content and Context to Senior Decision Makers Throughout Greater Hartford and the State All Year Long! Farley has said the change assists Ford's profits, reduces costs and ensures customers get the vehicle they want. February 4, 2022 / 10:32 PM / CW50 Detroit. The company agreed to more generous profit sharing in the most recent labor agreement; in return, veteran workers gave up an increase in their hourly pay rate. Outlook. Chrysler-parent Stellantis is scheduled to release its profit-sharing data Feb. 22. Investopedia requires writers to use primary sources to support their work. Still, industrywide demand continues outpacing the consistent availability of semiconductors, rare earth metals, and other components needed to boost production and replenish inventories, said Mark Barrott, head of consulting firm Plante Moran's Mobility Intelligence Center. Newsmax, Moneynews, Newsmax Health, and Independent. Yet the logistics drama has also led to higher prices and bigger profits, which leads to higher profit-sharing checks for hourly workers and big bonuses for salaried workers. Ford's crosstown rival General Motors surprised Wall Street by saying it expects its global production to increase by 25% to 30% in 2022 over last year. Sign up for free newsletters and get more CNBC delivered to your inbox. Last year, GM workers received up to $10,250 in profit-sharing. UAW President Ray Curry and I extend well deserved congratulations and share deep appreciation for our hard working UAW members at Ford. We use cookies to understand how you use our site and to improve your experience. These returns cover a period from January 1, 1988 through April 3, 2023. The GM-negotiated formula with the UAW for profit-sharing checks is $1,000 per every $1 billion in annual earnings before interest and taxes. The Dearborn automaker said it made $10 billion in adjustedearnings before interest and taxes in 2021, which was upabout $7.5 billion from 2020. 2019 UAW contract that lifted a $12,000 cap, Ford's 'self-inflicted' recalls, warranty costs put automaker at competitive disadvantage, Top UAW official gives a glimpse into strategy, what's ahead, Ford doubles annual bonuses amid worker fury over controversial formula, Your California Privacy Rights/Privacy Policy. AXL surpassed earnings estimates in three out of the trailing four quarters and missed in one in fiscal year 2022, the average surprise being 325.18%.Aeva Technologies, Inc (AEVA Quick QuoteAEVA - Free Report) will release first-quarter 2023 results on May 10. A markdown in the value of its stake in electric vehicle maker Rivian resulted in a net loss of $3.1 billion. Ford and other automakers' problems securing certain key manufacturing supplies will persist this year. That compares with expectations of between $1.72 and $2. * This graphic breaks down the profit sharing calculation. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. Ford Motor Co. will pay profit-sharing bonuses of up to $9,176 to hourly autoworkers in the U.S. for 2022, the automaker said Thursday. The number of automobiles sold is expected to decline YOY. From. . Delayed quotes by FIS. The amount of the payout is based on GM's North American profits, which totaled $9.1 billion in 2020. Follow him on Twitter: @_ericdlawrence. Analysts estimate Ford this year will earn between $1.54 and $2.35 earnings per share on revenue of $147.5 billion, according to Refinitiv. Receive breaking news and original analysis - sent right to your inbox. All rights reserved. Ford to pay bonuses despite $2.7 bln loss last year. Ford announced several special items and financing adjustments last month for the fourth quarter that could skew earnings if analysts didn't adjust their forecasts. Revenue and vehicle sales increased worldwide and in North America for the quarter and the year. The Automotive segment is the biggest contributor to Fords consolidated revenues. Ford Motor Co. on Wednesday maintained its profit forecast for the year, citing strong pricing for its vehicles. The check amounts relate tothe company'sannual financial results for the prior year, which Ford released Thursday. Motor vehicle sales represent the number of domestically produced units of cars, SUVs, minivans, and light trucks that are sold. Accessed Feb. 2, 2022. The consensus mark for loss before interest and taxes from the segment is $209 million.While estimates for Ford Credit and Mobility segments suggest a year-over-year decline, automotive revenues growth is likely to more than offset the decline in the to-be-reported quarter. Ford; Stellantis; Standing Committees. February 1, 2022. This is depicted in the graph below: Ford Motor Company price-eps-surprise | Ford Motor Company Quote. "Car Sales Continue Hot Streak, but Market Shows Signs of Cooling." More recently, supply chain issues connected to the semiconductor shortage have hit auto production. Privacy Policy | No cost, no obligation to buy anything ever. Wall Street analysts estimate Ford will post a profit of 45 cents a share in adjusted earnings and a 6% rise in revenue from the previous year to $35.5 billion, according to Refinitiv estimates. Adjusted EPS beat analysts' expectations, but sank 22.6% compared to the year-ago quarter. Lyle spent most of the past two decades in a variety of product, communication and financial writing roles with large asset managers and mutual fund distributors, mostly recently as vice president, director of product development with Waddell & Reed/Ivy Distributors Inc. . While Ford employs an estimated 56,000 hourly workers, not all hourly workers qualify for profit sharing, Ford noted. The global ride-sharing market is expected to grow to by more than 115 percent between 2021 and 2026. Its performance peaked around mid-January 2022 and has given back some of its gains over the past few weeks. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. September 7, 2022. In Q2 FY 2021, Ford's earnings and revenue beat analysts' consensus estimates. It had cash and cash equivalents of $25,134 million as of Dec 31, 2022, compared with $20,540 million on Dec 31, 2021. This year'sprofit-sharing checks at Ford are more in line with checks from several years ago. The Great Recession was a sharp decline in economic activity from 2007-2009 and was the largest economic downturn since the Great Depression. "Financial Data." ZacksTrade and Zacks.com are separate companies. We also reference original research from other reputable publishers where appropriate. But to manufacture these vehicles, the company depends on global suppliers for different components. In the latest sign of stress, Ford in late January said that it will take no new orders until 2023 for its popular, gasoline-electric Maverick pickup truck, a high-technology, chip-intensive vehicle. It also prompted the company in November to reach a collaboration agreement with GlobalFoundries, a semiconductor manufacturer, in order to advance semiconductor manufacturing and technology development in the U.S. In order to use this feature, we need some information from you. For this year, Ford forecast earnings before interest and taxes will rise 15% to 25% to as much as $12.5 billion. Ford is expected to report net income of $2.5 billion, or 61 cents a share, on revenue of $43.1 billion, according to estimates from Visible Alpha. Our privacy policy, 100 Allyn St., Suite 3, Hartford CT 06103, CT has fourth-lowest bank account interest rates, Newsmakers with the Travelers Championship, The Business of Cannabis: CT Cannabis Conference, Connecticut's Family Business Awards 2023, C-Suite and Lifetime Achievement Awards 2023, Connecticut's Health Care Heroes Awards 2022, 2022 Connecticut's Healthcare Heroes Honorees, 2022 Lifetime Achievement & C-Suite Honorees, 2022 Connecticut Family Business Honorees, West Hartford businessman has horse in Kentucky Derby, Gas station, electric vehicle showroom projectapproved in Newington, CT universities could face 650 layoffs, big tuition hikes, Jury awards $8.5M verdict in medical malpractice lawsuit against Glastonbury practice, Yale New Haven Health pitches takeover of 3 Prospect hospitals. It was the first decline in adjusted EPS since the second quarter of FY 2020. Investopedia does not include all offers available in the marketplace. Contact Phoebe Wall Howard: 313-618-1034 or phoward@freepress.com. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc. For 2022, Ford estimates it will earn between $11.5 billion and $12.5 billion in adjusted pretax profits, up 15% to 25% over 2021, and generate between $5.5 billion to $6.5 billion in . "Ford is back, with strong earnings and a repaired balance sheet. Happy Holidays from the UAW. Ford shares were up 3.5% at $15.30 in after-hours trading. That's a big bump from 2021, whenworkers received checks totaling $3,625. Manager bonus target of $18,000 with a business performance factor of . Zacks Equity Research Ford Motor Co. "3Q 2021 EarningsPress Release," Page 2. View Comments. Farley said sales are brisk for the redesigned F-150, the company's cash cow, with models . The Dearborn automaker's 2022 earnings were hit by a $7.4 billion mark-to-market net loss in Rivian and a $2.7 billion impairment from its investment in autonomous company Argo AI, which was dissolved into Ford and partner Volkswagen AG. Last year, the company doled out checks as high as $8,010 to the company's nearly 43,000 hourly workers. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. That compares with expectations of between $1.72 and $2.05 EPS and revenue of $126.3 billion in 2021. Supply Chains Improve, But Remain Problematic, Inventory Turnover Ratio: What It Is, How It Works, and Formula, 2008 Recession: What It Was and What Caused It, Current Ratio Explained With Formula and Examples, GM Reclaims U.S. Auto Sales Title for 2022 from Toyota, GM Smashes Expectations and Guides Toward a Strong 2023, Despite Margin Squeeze, S&P 500 Automobiles & Components (Industry Group), Automotive Supply Chains Are on a Long Road to Recovery, U.S. Auto Sales to Fall in 2022, GM Set To Reclaim Top Spot from Toyota, Buckle In for More Supply Chain Hardships, Partnerships in 2023. See our report's 7 new picks today, absolutely FREE. The Ford profit-sharing formula is $1,000 for workers for each $1 billion in North American pretax profit. Revenue grew 38.1% YOY, its fastest pace in at least 13 quarters. Ford Motor will pay record profit sharing checks to United Auto Workers members after posting record profits in North America. That would represent increases of 133% and 14% . Stellantis NV reports its financial results and profit sharing for U.S. employees on Feb. 22. Fords fourth-quarter adjusted earnings came in at 51 cents per share, missing the Zacks Consensus Estimate of 60 cents. If you do not, click Cancel. Dont miss out - subscribe today. Late last year, it boosted prices on 2022 models by as much as $3,000 per vehicle. Contact Eric D. Lawrence: elawrence@freepress.com. These challenges are one reason why Ford is expected to post its fifth straight year of falling auto sales in 2021. Much is riding on the company's upcomingrollout of the electricF-150 pickup, which Jessica Caldwell, Edmunds executive director of insights, said might be the automaker's most important vehicle launch of the decade. Copied. You can see the complete list of todays Zacks #1 Rank stocks here.The Zacks Consensus Estimate for American Axles to-be-reported quarters loss and revenues is pegged at 6 cents per share and $1.51 billion, respectively. Ford's profit-sharing checks compare with$10,250 checks for UAW-represented General Motors workers. Ford announced Tuesday that it will shut the plants that make its best-selling Ford F-150 pickup for 11 weeks later this year as it prepares for a radical change in the pickup's design, using far more aluminum. If you wish to go to ZacksTrade, click OK. The checks are paid out in increments of $250, which is why it is $12,750 and not $12,900, the company said. Financial Analysis: Definition, Importance, Types, and Examples, Car Sales Continue Hot Streak, but Market Shows Signs of Cooling, Ford to halt orders for hybrid pickup Maverick, FORD MOTOR COMPANY ANNOUNCES DETAILS FOR Q4 2021 EARNINGS CONFERENCE CALL, Ford Raises 2022 Car Prices Before Christmas, Form 10-K for the fiscal year ended December 31, 2020, GlobalFoundries, Ford to Address Auto Chip Supply and Meet Growing Demand. Revenue missed consensus estimates and was down 4.9% year over year (YOY), the first decline since the final quarter of FY 2020. 2023 Thomson/Reuters. Accessed Feb. 2, 2022. It expects full-year pretax profits this year to rise 15% to 25% over 2021 numbers, to a range of $11.5 billion to $12.5 billion. . Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. It shipped nearly 970,000 vehicles in the quarter, down 9% from a year ago. You can learn more about the standards we follow in producing accurate, unbiased content in our. Become a subscriber. But the stock has stalled so far this year, down by less than 1%. The bottom-line projection implies a year-over-year decline of 2.63%. Supply is a fundamental economic concept that describes the total amount of a specific good or service that is available to consumers. by UAW Vice President Terry Dittes Director of the UAW General Motors Department on GM's Yearly Earnings Report and Profit Sharing Estimate. "GM Smashes Expectations and Guides Toward a Strong 2023, Despite Margin Squeeze. This special edition informs and connects businesses with nonprofit organizations that are aligned with what they care about. Ford also agreed to hire more workers and has increased the number of hourly workers by 6,000 over the last two years. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Several analysts downgraded the shares ahead of the earnings release. Lawler projected a high . In North America, Ford delivered pre-tax profit of $9.2 billion in 2022. Adding another $10 billion to $20 billion over the next decade wouldn't be outlandish given automakers across the globe are pledging billions of dollars for such efforts through 2025. By clicking submit you are agreeing to our cookie usage and Privacy Policy, This website uses cookies to ensure you get the best experience on our website. To learn more, click here. Ford is the largest employer of UAW autoworkers in America, currently touting over 56,000 union members in its workforce.Each year, those members also get profit-sharing checks, which averaged $6,600 in 2020, as well as $3,625 last year.Now, after the UAW announced that it will trade its current delegate model and hold direct elections for its officers last week, Ford UAW workers are set to . Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Detroit UAW Ford members worked diligently and remained dedicated to produce the finest built products in the world during a year that presented great challenges due to the pandemic and unprecedented supply chain issues. . Ford announced Thursday in its earnings report that its UAW employees will receive profit-sharing checks averaging $9,176 this year. Ford's shares rose as much as 5% Tuesday, boosting their year-to-date gain to 17%. CarsDirect. The lower . Chrysler parent-Stellantis is expected to release its profit-sharing amounts on Feb. 23. While investors will be monitoring Ford's quarterly results, they're more interested in the automaker's guidance for this year as well as any progress or setbacks in Farley's Ford+ turnaround plan. That year-ago figure was heavily affected by the initial waves of the coronavirus pandemic during the prior year, which included lockdowns and closed factories. A huge part of Fords overall performance is attributable to the performance of the Automotive segment, which appears impressive with its strong vehicle line-up of F-series trucks, Maverick pickup and SUV models, including Escape, Explorer, Expedition, EcoSport and Edge.Fords first-quarter revenues are likely to have been aided by a projected increase in total wholesale units. As mentioned above, investors will also be watching Ford's total number of automobiles sold. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Previously, he spent a decade in senior roles as an editor and reporter with business publications and financial news wires, including Dow Jones, BridgeNewsand Knight-Ridder Financial News. NYSE and AMEX data is at least 20 minutes delayed. Its shares rose as high as $14.34 after U.S. markets closed. Now it's the company's nearly 69,000 salaried employees turn to be rewarded. Over the trailing four quarters, Ford surpassed earnings estimates once and missed on the other three occasions, the average surprise being 9.34%. But losses in Europe narrowed, and Ford improved earnings in Asia. In the meantime, Barrott said he expects automakers and suppliers to pursue partnerships and acquisitions throughout 2023 instead of relying on traditional supply contracts. Ford has started initial pre-production of its electric F-150 Lightning pickup truck at a new plant in Dearborn, Mich. Our business is gaining health and momentum, says Ford CEO Jim Farley, Benchmark upgrades Intel, says investors should get constructive on chip stock after earnings, Shares of this Swedish EV maker could nearly double, Cantor Fitzgerald says. Hot Off The Press. Wall Street analysts estimate Ford will post a profit of 45 cents per share in adjusted earnings and $35.5 billion in revenue, according to Refinitiv estimates. Despite continued supply-chain issues, Ford said it was able to boost production "significantly" in March. For full-year FY 2021, analysts expect adjusted EPS to rise 355.0%, ending a streak of three straight years of declines. The profit-sharing check amounts are tied to a company's annual financial results for the prior year. Ford Motor Co. "GlobalFoundries, Ford to Address Auto Chip Supply and Meet Growing Demand." More: GM's UAW workforce profit-sharing check will top $10,000, More: Judge OKs direct elections for UAW president, other top leaders. In 2017, the number of autos sold fell 0.7%. in journalism, he lives in Westwood, KS, a suburb of Kansas City, with his wife, Caryl, and their sons, Conley and Pierce. Featured News Statements . Stellantis hourly UAW workers could see profit-sharing checks worth more than $14,000 this year. While full-year results improved in North America, fourth quarter earnings were down slightly. Automakers continue to manage through a global shortage of semiconductor chips, which some experts don't expect to return to normal levels until late this year, if not 2023. Analysts expect autos sold to fall 9.9% YOY in Q4 FY 2021 and to decline 5.6% for full-year FY 2021. The current ratio is a liquidity ratio that measures a companys ability to cover its short-term obligations with its current assets. Ford's EV plans could come with some surprises for investors in 2022. By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. "UAW Ford members worked diligently and remained dedicated to produce the finest built products in the world during a year that presented great challenges due to the pandemic and unprecedented supply chain issues. Ford Crushes Profit Estimates Ahead of Cuts to Fund EV Shift. Their contributions to Ford Motor Companys profits under such conditions are to be commended and our members should be very proud of this great accomplishment," Browning said in a release.