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.
Experts are questioning President Donald Trump’s latest effort to slow the electric vehicle charging buildout in the U.S.
After announcing its electric vehicle business lost over $5 billion in 2024, Ford could face even more headwinds this ...
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, ...
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.
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 said on Wednesday the president of its gasoline vehicles business, Andrew Frick, would take on the additional role of ...
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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