Net income or loss of the Ford Motor Company 2007-2023
coronavirus pandemic in the company's largest markets, Ford's revenue contracted by 22 percent and fell to 127 billion U.S. dollars in 2020, but have been rebounding since. However, automotive supply chain disruptions due to the semiconductor shortage and Russia's invasion of Ukraine contributed to the net loss the company recorded in 2022. By 2023, despite disruptions due to strikes in Ford's U.S. assembly plants, the company recorded a steep year-over-year net income growth.
Net income attributable to the Ford Motor Company was over 17.9 billion U.S. dollars in 2023, which was a net icome slightly below the one recorded in 2021. Amid the outbreak of the