Ford lost $5 billion on its EV business in 2024—and things could get worse this year
Ford is the first major automaker to report earnings since Trump signed an executive order stating that the U.S. would impose 25% tariffs on goods from Mexico and Canada, which would affect Ford.
Ford goes protectionist as EV losses top $5B
Ford CEO Jim Farley has a question about President Donald Trump's threatened tariffs on imports from Mexico, Canada, and China: Why stop there? Farley
Ford Faces Challenges: EV Losses and Tariff Threats
Ford Motor projects $5.5 billion losses in EV and software operations for 2023 amid tariff threats and quality issues. Despite reporting fourth-quarter profits, the automaker faces uncertain times due to potential tariffs by the Trump administration affecting key models manufactured in Mexico and Canada.
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 expecting mounting EV losses this year
Ford revealed in its latest earnings report that its Model e electric vehicle division is expected to see losses above $5 billion in 2025, similar to last year.
Ford Projects Significant Losses On EVs in 2025
Ford’s Model e electric division has stacked up some staggering losses in recent years, recording a $5.1 billion shortfall in 2024. Unfortunately, the automaker said it expects to lose even more in 2025 as a challenging market and an unpredictable political landscape take their toll.
Ford’s EV losses hit billions in 2024, is the worst yet to come?
Tariffs could compound Ford’s problems. President Donald Trump’s threats to impose 25% tariffs on imports from Mexico and Canada could fur
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Ford Will Be Crippled by End of EV Tax Credit
Ford Motor Co. (NYSE: F) said its investment in electric vehicles (EVs) would reach $30 billion. However, new federal rules that will eliminate the EV tax credit, which is as much as $7,500 per ...
Ford Q4 Earnings Preview: EV Tax Credit, Tariffs Could Reshape Auto Giant's Future
Ford could be hurt by the removal of EV federal tax credits and tariffs imposed on Mexico and Canada. Will the company ...
Ford forecasts lower 2025 earnings. Here's why
The Dearborn automaker expects an adjusted operating income of $7 billion to $8.5 billion, down from the $10.2 billion it ...
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Ford Stock Down 6% on Growth Forecast
The automaker reversed a year-ago loss of $500 million, instead posting big profits of $1.8 billion on revenue of $48.2 billion, which handily beat estimates of $43 billion. Adjusted earnings of $0.39 ...
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Honda, Hyundai, Ford, Subaru, and Kia EV sales climb in January
Several automakers, including Honda, Hyundai, Ford, and Kia, reported higher EV sales in the US in January. Here’s a ...
Ford Expects Profitability to Shrink in 2025
Ford Motor posted higher revenue and a 2.4% increase in net income for the fourth quarter of 2024. But its forecast for this year isn’t as upbeat. The Dearborn, Mich.-based automaker is guiding to a ...
Ford says he'll honour Ontario's EV commitment, Crombie and Stiles less definitive
Progressive Conservative Leader Doug Ford said Thursday he will honour Ontario's commitment to the burgeoning electric ...
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Ford CEO: Trump tariffs would wipe out billions in profits if they’re long lasting
Jim Farley, CEO of Ford (F) has joined the rest of the auto industry to warn Trump against them. He reasoned that the US ...