Ford lost $5 billion on EVs in 2024, teases new models
Ford’s electric vehicle and software business lost $5.1 billion in 2024, up from $4.7 billion lost in 2024. And the automaker doesn’t anticipate any relief this year, when it predicts it will lose as much as $5.
Ford expecting mounting EV losses this year
Ford revealed in its latest earnings report that its Model e electric vehicle division is expected to see losses above $5 billion in 2025, similar to last year.
Ford lost $5 billion on its EV business in 2024—and things could get worse this year
Ford is the first major automaker to report earnings since Trump signed an executive order stating that the U.S. would impose 25% tariffs on goods from Mexico and Canada, which would affect Ford.
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.
Ford Projects Significant Losses On EVs in 2025
Ford’s Model e electric division has stacked up some staggering losses in recent years, recording a $5.1 billion shortfall in 2024. Unfortunately, the automaker said it expects to lose even more in 2025 as a challenging market and an unpredictable political landscape take their toll.
Ford Loses Over $5 Billion On EVs In 2024
Even though everyone was told for years that “electrification is the future” it seems for Ford the near future is all about internal combustion engines. Once again, the American automaker posted a huge loss for its EV division,
Ford's New 1,360-HP Racer Will Blow NASCAR Fans Away
Ford's Mustang Mach-E NASCAR prototype, an all-electric 1,360-horsepower racecar, combines innovative electric technology ...
Ford’s Future Involves New Range-Extended Models
Ford will offer range-extended vehicles as part of an evolving multi-energy strategy. The company’s CEO said large electric ...
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Ford’s electric F-150 Lightning is losing ground as its aging EV lineup faces new threats
Ford’s F-150 Lightning is losing ground in the US with new electric pickups like the Tesla Cybertruck and Chevy ...
Ford Is Aiming to Win Le Mans Outright in 2027 With a New Hypercar
In the year that will mark six decades since Dan Gurney and AJ Foyt won the race in a GT40 Mk. IV, Ford is headed back to the ...
Ford Needs To Fix Over 72,000 Vehicles For Display Issues
A pair of new recalls have been issued by Ford in the US. While the car manufacturer handed over the wooden spoon for most ...
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New 2025 models at Davidson Ford in Clay
Erik Columbia and Iris St. Meran stopped by Davidson Ford ahead of the Syracuse Auto Expo to check out some of their new 2025 ...
The Newest NASCAR Electric Race Car Is a Ford Mustang Mach-E
The stock car has three motors and, like the unbranded demonstrator revealed last year, is built around the current NASCAR ...