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.
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Ford Will Be Crippled by End of EV Tax CreditFord 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 could be hurt by the removal of EV federal tax credits and tariffs imposed on Mexico and Canada. Will the company ...
The Dearborn automaker expects an adjusted operating income of $7 billion to $8.5 billion, down from the $10.2 billion it ...
Even with over a decade of government help, EVs make up around 9% of all new car sales. And most of these are sold to well-heeled consumers (and government fleets). Electric vehicles are status ...
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 ...
Several automakers, including Honda, Hyundai, Ford, and Kia, reported higher EV sales in the US in January. Here’s a ...
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 ...
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 lastingJim Farley, CEO of Ford (F) has joined the rest of the auto industry to warn Trump against them. He reasoned that the US ...
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