CFO John Lawler said Ford expects full-year 2022 adjusted EBIT to be stronger – $11.5 billion to $12.5 billion, an increase of 15% to 25% over 2021. The high end of the adjusted EBIT range equates to a margin of 8% which, if achieved, would be one year earlier than the company’s previous target. Adjusted free cash flow for the year is expected to be $5.5 billion to $6.5 billion.