Ford Rides Higher Vehicle Prices To Strong Quarter, Maintains Forecast

Ford Motor Co posted better-than-expected quarterly results on Wednesday and maintained its profit forecast for the year, citing strong vehicle pricing that partly offset higher costs and inflation. Chief Financial Officer John Lawler called the performance "mixed," saying continued chip shortages hit the company hard, especially on its large and most profitable vehicles - the F-Series pickup and Expedition and Navigator SUVs. "The capability of this business is much stronger than what we were able to provide in the quarter and that was due to the constraints," Lawler said, citing about 53,000 vehicles that had been built but not shipped as they awaited final parts held up by the chip shortage. Ford and other automakers have been hit by supply-chain disruptions, inflation of raw materials and rising U.S. interest rates, but Lawler said higher vehicle prices had mostly offset those pressures. A day earlier, General Motors Co also cited strong pricing on sales of more expensive models as its first-quarter results beat estimates. Ford's Lawler would not rule out additional price increases if the company faces further cost inflation. He also said Ford was being aggressive in cutting costs ahead of possible further inflation.

Ford Motor Co posted better-than-expected quarterly results on Wednesday and maintained its profit forecast for the year, citing strong vehicle pricing that partly offset higher costs and inflation. Chief Financial Officer John Lawler called the performance "mixed," saying continued chip shortages hit the company hard, especially on its large and most profitable vehicles - the F-Series pickup and Expedition and Navigator SUVs. "The capability of this business is much stronger than what we were able to provide in the quarter and that was due to the constraints," Lawler said, citing about 53,000 vehicles that had been built but not shipped as they awaited final parts held up by the chip shortage. Ford and other automakers have been hit by supply-chain disruptions, inflation of raw materials and rising U.S. interest rates, but Lawler said higher vehicle prices had mostly offset those pressures. A day earlier, General Motors Co also cited strong pricing on sales of more expensive models as its first-quarter results beat estimates. Ford's Lawler would not rule out additional price increases if the company faces further cost inflation. He also said Ford was being aggressive in cutting costs ahead of possible further inflation.Ford Motor Co posted better-than-expected quarterly results on Wednesday and maintained its profit forecast for the year, citing strong vehicle pricing that partly offset higher costs and inflation. Chief Financial Officer John Lawler called the performance "mixed," saying continued chip shortages hit the company hard, especially on its large and most profitable vehicles - the F-Series pickup and Expedition and Navigator SUVs. "The capability of this business is much stronger than what we were able to provide in the quarter and that was due to the constraints," Lawler said, citing about 53,000 vehicles that had been built but not shipped as they awaited final parts held up by the chip shortage. Ford and other automakers have been hit by supply-chain disruptions, inflation of raw materials and rising U.S. interest rates, but Lawler said higher vehicle prices had mostly offset those pressures. A day earlier, General Motors Co also cited strong pricing on sales of more expensive models as its first-quarter results beat estimates. Ford's Lawler would not rule out additional price increases if the company faces further cost inflation. He also said Ford was being aggressive in cutting costs ahead of possible further inflation.Ford Motor Co posted better-than-expected quarterly results on Wednesday and maintained its profit forecast for the year, citing strong vehicle pricing that partly offset higher costs and inflation. Chief Financial Officer John Lawler called the performance "mixed," saying continued chip shortages hit the company hard, especially on its large and most profitable vehicles - the F-Series pickup and Expedition and Navigator SUVs. "The capability of this business is much stronger than what we were able to provide in the quarter and that was due to the constraints," Lawler said, citing about 53,000 vehicles that had been built but not shipped as they awaited final parts held up by the chip shortage. Ford and other automakers have been hit by supply-chain disruptions, inflation of raw materials and rising U.S. interest rates, but Lawler said higher vehicle prices had mostly offset those pressures. A day earlier, General Motors Co also cited strong pricing on sales of more expensive models as its first-quarter results beat estimates. Ford's Lawler would not rule out additional price increases if the company faces further cost inflation. He also said Ford was being aggressive in cutting costs ahead of possible further inflation.Ford Motor Co posted better-than-expected quarterly results on Wednesday and maintained its profit forecast for the year, citing strong vehicle pricing that partly offset higher costs and inflation. Chief Financial Officer John Lawler called the performance "mixed," saying continued chip shortages hit the company hard, especially on its large and most profitable vehicles - the F-Series pickup and Expedition and Navigator SUVs. "The capability of this business is much stronger than what we were able to provide in the quarter and that was due to the constraints," Lawler said, citing about 53,000 vehicles that had been built but not shipped as they awaited final parts held up by the chip shortage. Ford and other automakers have been hit by supply-chain disruptions, inflation of raw materials and rising U.S. interest rates, but Lawler said higher vehicle prices had mostly offset those pressures. A day earlier, General Motors Co also cited strong pricing on sales of more expensive models as its first-quarter results beat estimates. Ford's Lawler would not rule out additional price increases if the company faces further cost inflation. He also said Ford was being aggressive in cutting costs ahead of possible further inflation.Ford Motor Co posted better-than-expected quarterly results on Wednesday and maintained its profit forecast for the year, citing strong vehicle pricing that partly offset higher costs and inflation. Chief Financial Officer John Lawler called the performance "mixed," saying continued chip shortages hit the company hard, especially on its large and most profitable vehicles - the F-Series pickup and Expedition and Navigator SUVs. "The capability of this business is much stronger than what we were able to provide in the quarter and that was due to the constraints," Lawler said, citing about 53,000 vehicles that had been built but not shipped as they awaited final parts held up by the chip shortage. Ford and other automakers have been hit by supply-chain disruptions, inflation of raw materials and rising U.S. interest rates, but Lawler said higher vehicle prices had mostly offset those pressures. A day earlier, General Motors Co also cited strong pricing on sales of more expensive models as its first-quarter results beat estimates. Ford's Lawler would not rule out additional price increases if the company faces further cost inflation. He also said Ford was being aggressive in cutting costs ahead of possible further inflation.Ford Motor Co posted better-than-expected quarterly results on Wednesday and maintained its profit forecast for the year, citing strong vehicle pricing that partly offset higher costs and inflation. Chief Financial Officer John Lawler called the performance "mixed," saying continued chip shortages hit the company hard, especially on its large and most profitable vehicles - the F-Series pickup and Expedition and Navigator SUVs. "The capability of this business is much stronger than what we were able to provide in the quarter and that was due to the constraints," Lawler said, citing about 53,000 vehicles that had been built but not shipped as they awaited final parts held up by the chip shortage. Ford and other automakers have been hit by supply-chain disruptions, inflation of raw materials and rising U.S. interest rates, but Lawler said higher vehicle prices had mostly offset those pressures. A day earlier, General Motors Co also cited strong pricing on sales of more expensive models as its first-quarter results beat estimates. Ford's Lawler would not rule out additional price increases if the company faces further cost inflation. He also said Ford was being aggressive in cutting costs ahead of possible further inflation.Ford Motor Co posted better-than-expected quarterly results on Wednesday and maintained its profit forecast for the year, citing strong vehicle pricing that partly offset higher costs and inflation. Chief Financial Officer John Lawler called the performance "mixed," saying continued chip shortages hit the company hard, especially on its large and most profitable vehicles - the F-Series pickup and Expedition and Navigator SUVs. "The capability of this business is much stronger than what we were able to provide in the quarter and that was due to the constraints," Lawler said, citing about 53,000 vehicles that had been built but not shipped as they awaited final parts held up by the chip shortage. Ford and other automakers have been hit by supply-chain disruptions, inflation of raw materials and rising U.S. interest rates, but Lawler said higher vehicle prices had mostly offset those pressures. A day earlier, General Motors Co also cited strong pricing on sales of more expensive models as its first-quarter results beat estimates. Ford's Lawler would not rule out additional price increases if the company faces further cost inflation. He also said Ford was being aggressive in cutting costs ahead of possible further inflation.Ford Motor Co posted better-than-expected quarterly results on Wednesday and maintained its profit forecast for the year, citing strong vehicle pricing that partly offset higher costs and inflation. Chief Financial Officer John Lawler called the performance "mixed," saying continued chip shortages hit the company hard, especially on its large and most profitable vehicles - the F-Series pickup and Expedition and Navigator SUVs. "The capability of this business is much stronger than what we were able to provide in the quarter and that was due to the constraints," Lawler said, citing about 53,000 vehicles that had been built but not shipped as they awaited final parts held up by the chip shortage. Ford and other automakers have been hit by supply-chain disruptions, inflation of raw materials and rising U.S. interest rates, but Lawler said higher vehicle prices had mostly offset those pressures. A day earlier, General Motors Co also cited strong pricing on sales of more expensive models as its first-quarter results beat estimates. Ford's Lawler would not rule out additional price increases if the company faces further cost inflation. He also said Ford was being aggressive in cutting costs ahead of possible further inflation.Ford Motor Co posted better-than-expected quarterly results on Wednesday and maintained its profit forecast for the year, citing strong vehicle pricing that partly offset higher costs and inflation. Chief Financial Officer John Lawler called the performance "mixed," saying continued chip shortages hit the company hard, especially on its large and most profitable vehicles - the F-Series pickup and Expedition and Navigator SUVs. "The capability of this business is much stronger than what we were able to provide in the quarter and that was due to the constraints," Lawler