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.
Ford projects mounting EV losses for 2025, Q4 profit up
The automaker forecast overall profitability for 2025, but even that was lower than in 2024. For the fourth quarter, it reported a net profit of $1.8 billion, up from a loss of $500 million in the year-ago quarter as pension-related costs weighed on results.
1don MSN
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.
“For larger retail, electric utilities, the economics are unresolvable,” Farley said. “These customers have very demanding ...
The 2025 Mustang Mach-E still offers a choice between a 70-kWh Standard Range and a 91-kWh Extended Range battery, with ...
Speaking during the earnings call, Ford CEO Jim Farley said hybrid trucks are a key growth area and give the automaker ...
Ford Motor on Wednesday projected up to $5.5 billion in losses on its electric vehicle and software operations this year, a ...
The Ford Explorer Electric was introduced after the Ford Mustang Mach-E, and was soon followed by the Capri. Of course, ...
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