{"id":81383,"date":"2022-04-28T02:16:31","date_gmt":"2022-04-28T06:16:31","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=81383"},"modified":"2022-04-28T02:08:51","modified_gmt":"2022-04-28T06:08:51","slug":"ford-sees-first-quarter-profit-dragged-lower-by-rivian-stake-but-maintains-2022-earnings-guidance","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/04\/2022\/ford-sees-first-quarter-profit-dragged-lower-by-rivian-stake-but-maintains-2022-earnings-guidance.html","title":{"rendered":"Ford sees first-quarter profit dragged lower by Rivian stake, but maintains 2022 earnings guidance"},"content":{"rendered":"\n<p>(CNBC) <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/F\" target=\"_blank\">Ford Motor<\/a> posted <a rel=\"noreferrer noopener\" href=\"https:\/\/s23.q4cdn.com\/799033206\/files\/doc_financials\/2022\/q1\/PRESS-RELEASE-Q1-2022.pdf\" target=\"_blank\">first-quarter results<\/a> Wednesday that were in line with Wall Street\u2019s expectations, though its net profit was dragged down by a stake in electric vehicle maker <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/RIVN\" target=\"_blank\">Rivian Automotive<\/a> and reduced vehicle production. Ford reported an unadjusted net loss of $3.1 billion, including a loss of $5.4 billion on the company\u2019s <a href=\"https:\/\/www.cnbc.com\/2021\/11\/10\/fords-stake-in-ev-truck-start-up-rivian-is-worth-more-than-10-billion-in-first-day-of-trading.html\">12% stake in Rivian<\/a>. That\u2019s compared with a net profit of $3.3 billion during the same period a year ago.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/04\/27\/ford-f-earnings-q1-2022.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Ford Motor posted first-quarter results Wednesday that were in line with Wall Street\u2019s expectations, though its net profit was dragged down by a stake in electric vehicle maker Rivian Automotive and reduced vehicle production. Ford reported an unadjusted net [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-81383","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=81383"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81383\/revisions"}],"predecessor-version":[{"id":81384,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/81383\/revisions\/81384"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=81383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=81383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=81383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}