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.
I bring this up because Ford's investors certainly did this week during the Dearborn automaker's fourth-quarter earnings call ...
Executives at Ford have been granted an extension for the company’s electric vehicle battery plant being built near Marshall.
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.
After announcing its electric vehicle business lost over $5 billion in 2024, Ford could face even more headwinds this ...
Ford is on deck to report results for the fourth quarter and the full year, with a focus on taming rising costs and what’s ...
Ford Motor Co. warned that profit may fall by $2 billion or more this year due to lower vehicle prices and costly new-model ...
Ford's EV unit lost billions of dollars, but at the same time, EV sales as a whole were up in the U.S. in 2024 compared to ...
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