Ford shares skid despite a bullish 2022 outlook

Ford Motor Co (F.N) ended 2021 with $36 billion in cash, a crop of hot-selling new electric vehicles and a bullish forecast for revenue and profit growth this year, but that was not enough for investors.

Ford shares dipped as much as 5 per cent in after-hours trading on Thursday after the automaker's fourth-quarter income fell short of analysts' expectations and the company forecast a slower recovery in 2022 vehicle production than rival General Motors Co.

The sour response to Ford's results presents a challenge to Chief Executive Jim Farley, who is trying to accelerate the company's pivot toward electric vehicles.