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.
"For larger retail, electric utilities, the economics are unresolvable," Farley said in the earnings call, according to ...
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Ford Knows Electric Vehicles Can't TowFord doesn't think battery-electric powertrains in its full-size trucks and SUVs make sense moving forward. CEO Jim Farley ...
The automaker has a plan to catch up to rivals rolling out high-performing, affordable electric vehicles. But first, it has ...
Ford Motor on Wednesday projected up to $5.5 billion in losses on its electric vehicle and software operations this year, a ...
The US automotive group Ford once again recorded a hefty loss in its Model e division in last year. At $5.1 billion, it was ...
Ford’s all-electric F-150 Lightning pickup debuted to positive reviews but in recent months has begun to stumble, caught in an across-the-board slowing of demand for EVs and competition from cars like ...
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Ford Motor Co. is forecasting weaker earnings growth for this year and further losses in its electric vehicles business as it ...
Ford Motor witnessed EV sales soar 21.2% in the U.S. in January despite a drop in sales of both its E-transit van and F-150 ...
As for the rest of Ford’s lineup, the Bronco recorded a healthy 21.9% increase over the same month last year, climbing to ...
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Ford F-150 Lightning Switchgear first in-depth lookFebruary 6, 2025. More for You ...
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