Ford zips out of the pits early, says AntonyMCurrie:
Ford Motor reported first-quarter earnings of $1.1 billion. At 44 U.S. cents a share after adjusting for some special items, the result compares with the mean estimate of sell-side analysts of 27 cents a share, according to Refinitiv data. Revenue was $40.3 billion, compared with the mean estimate of just shy of $37.1 billion.
On April 24, Ford said it had agreed to invest $500 million in Rivian, a 10-year-old Michigan-based firm that builds electric trucks. In February, Amazon led a $700 million investment round in Rivian. General Motors had also been in discussions about taking a stake.
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