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Fords fourth-quarter net income, up from a $2.8 billion loss a year earlier, included a $8.2 billion gain from the automakers investment in Rivian, the EV maker that went public in November, though Ford was in the black for the quarter even without that and other one-time items. The company is also close to selling an electric delivery van that has drawn strong interest from fleet and corporate customers. Follow her on Twitter@tompor. On Feb. 22, Stellantis NV will release its earnings for 2022 and workers there will learn how much money in profit-sharing they're set to get this year. The Dearborn automaker, in the midst of launching the newest edition of its iconic F-150 pickup and increasing investment in development of next-generation electric vehicles,announced the payouts as part of its report on full-year and fourth-quarter 2020 financial results. For individual single taxpayers, the 37% bracket applies to income greater than $578,125 in 2023. 48207-2997, Automotive News MORE: Ford posts $1.3 billion loss for 2020, 2023 The Detroit News, a Digital First Media Newspaper. In the fourth quarter, GM made$2 billion in net income on revenue of $43billion. Ford recorded a $2.7 billion non-cash, pretax charge on its investment in Argo AI, which the company initially invested in starting in 2017. This year's payout is to be distributed March 9 to eligible employees. The automaker narrowly beat Wall Street's subdued expectations for the period and guided to the lowest end of its previously forecast earnings for the year. Cloudy. Ally: All Ears podcast Does your dealership have a talent management strategy? ISSN 1557-7686 (online), Fixed Ops Journal "While the 4Q print is a disappointment, we believe the more critical takeaway from the print is a solid 22 guide," Credit Suisse analyst Dan Levy wrote in a note. Its performance peaked around mid-January 2022 and has given back some of its gains over the past few weeks. February 2, 2023 05:00 PM ET. That year-ago figure was heavily affected by the initial waves of the coronavirus pandemic during the prior year, which included lockdowns and closed factories. Ford, however, has no plans to curb production of its gasoline-powered vehicles.