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.
A new report says Ford will use EREV powertrains with gas engines and electric motors in the next phase of the company's electrification strategy.
I bring this up because Ford's investors certainly did this week during the Dearborn automaker's fourth-quarter earnings call ...
Ford said on Wednesday the president of its gasoline vehicles business, Andrew Frick, would take on the additional role of ...
The Blue Oval may not have plans to race the Mach-E in a stock car series anytime soon, but expect to see it on track ...
Michigan is giving Ford Motor Co. an extra year in its deadline for investment and job creation at a scaled-down electric vehicle battery factory in Marshall, Mich., about 100 miles west of Detroit, ...
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 ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback