Ford made $2 billion in 4th quarter, a total of $10 billion in 2021

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Ford Motor Co. said Thursday it made $10 billion before interest and taxes in 2021. That's up about $7.5 billion from 2020 and shows how the automaker's bottom line fared during a year dominated by the global chip shortage and the increasing buzz around Ford's electric vehicle efforts encapsulated by solid demand for the Mustang Mach-E.

The automaker released its full-year and fourth-quarter earnings Thursday, showing it made $2 billion before interest and taxes in the fourth quarter, which is up about $0.3 billion from same period in 2020. For the year, the Dearborn automaker reported revenues of $136 billion, up $9 billion from the same period in 2020. For the fourth quarter, Ford reported revenues of just under $38 billion, up $1.7 billion from the same period a year ago. Net income was $18 billion for the year and $12 billion for the quarter.

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