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.
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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 ...
After announcing its electric vehicle business lost over $5 billion in 2024, Ford could face even more headwinds this ...
Ford CEO Jim Farley has revealed that the automaker is developing extended-range powertrains for its large electric SUVs and ...
Ford said on Wednesday the president of its gasoline vehicles business, Andrew Frick, would take on the additional role of ...
Ford Motor named Marin Gjaja as chief strategy officer, part of a broader leadership change.Gjaja joined the automotive ...
The 2025 Mustang Mach-E still offers a choice between a 70-kWh Standard Range and a 91-kWh Extended Range battery, with ...
"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 ...
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Here’s one reason the electric Ford Explorer should be your next SUVThe middle ground Ford Explorer Select edition is an impressive SUV despite its platform sharing roots with VW models.
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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The move to put 10% additional tariffs on imports from China will affect a small number of U.S. vehicles, but increased costs ...
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