Ford MotorThe company released its fourth-quarter results after trading on Thursday.

Ford's fourth-quarter adjusted earnings per share were 34 cents and the market expected a loss of 7 cents, while revenue was $33.2 billion and the market was expected to be $33.89 billion, according to the results.

Ford also said it plans to invest $29 billion in electric vehicles and self-driving by 2025.

John Lawler, Ford's chief financial officer, said he expected the company's adjusted pre-tax profit in 2021 to be between $8 billion and $9 billion and its adjusted free cash flow to be between $3.5 billion and $4.5 billion. He said semiconductor chips could reduce Ford's earnings by $1 billion to $2.5 billion this year.

Ford said the global shortage of semiconductor chips has brought uncertainty to a number of industries and will affect Ford's performance in 2021. Ford confirmed earlier Thursday that it was slashing production of the high-margin Fmuri 150 pickup truck because of a shortage of chips.

Ford shares rose 1.5% in after-hours trading after the results were announced, and closed up 1.52% at $11.37 on Thursday.