Ford Still Losing Billions on EVs, but Not All Is Lost
For the full year of 2024, Ford posted a net income of $5.9 billion on adjusted earnings of $10.2 billion. Its electric vehicle business, however, lost $5.1 billion, even worse than its loss of $4.7 billion the year prior. It expects to lose even more, $5.5 billion, on EVs in 2025.
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Ford Motor Co. is forecasting weaker earnings growth for this year and further losses in its electric vehicles business as it ...
After announcing its electric vehicle business lost over $5 billion in 2024, Ford could face even more headwinds this ...
Ford Motor named Marin Gjaja as chief strategy officer, part of a broader leadership change.Gjaja joined the automotive ...
Ford said on Wednesday the president of its gasoline vehicles business, Andrew Frick, would take on the additional role of ...
"Customers have shown that they will not pay any premium for these large EVs," Farley said in an earnings call.
The automaker forecast overall profitability for 2025, but even that was lower than in 2024. For the fourth quarter, it ...
“For larger retail, electric utilities, the economics are unresolvable,” Farley said. “These customers have very demanding ...
Ford’s F-150 Lightning is losing ground in the US with new electric pickups like the Tesla Cybertruck and Chevy ...
The Ford Explorer Electric was introduced after the Ford Mustang Mach-E, and was soon followed by the Capri. Of course, ...
Speaking during the earnings call, Ford CEO Jim Farley said hybrid trucks are a key growth area and give the automaker ...
The state police are testing a 2024 Ford Mach-E to see how electric vehicles perform as patrol cars. The results could ...
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The move to put 10% additional tariffs on imports from China will affect a small number of U.S. vehicles, but increased costs ...
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