Ford swings to $3.3B net profit in Q1, warns of 50% production loss in Q2

Ford swings to $3.3B net profit in Q1, warns of 50% production loss in Q2

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Ford lowered the top end of its full-year guidance, with the semiconductor shortage costing an estimated $2.5 billion. The company now expects to lose 1.1 million units of production throughout 2021.

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