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 Projects Losing $15 Billion In Three Years Building EVs
Ford is projecting its electric car business will lose another $5.5 billion dollars this year.That figure matches last year’s deficit and eclipses the $4.7 billion the company lost building EVs in 2023—so for those of you keeping track at home that's a projection of roughly $15 billion in losses.
Ford posts another big loss for its EV division in 2024
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 even higher than in 2023. Ford now
Ford swings to profit in Q4 profit but warns of growing EV losses in 2025
Ford Motor Company has released its financial results for the fourth quarter and full-year 2024, alongside its earnings guidance for 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.
Ford expects to rack up EV losses of up to $5.5B in 2025, sending shares skidding
Ford Motor on Wednesday projected up to $5.5 billion in losses on its electric vehicle and software operations this year, a loss similar to last year and a sign of the severe difficulties in cutting costs on battery-powered models.
Ford lost $5 billion on EVs in 2024, teases new models
Ford’s electric vehicle and software business lost $5.1 billion in 2024, up from $4.7 billion lost in 2024. And the automaker doesn’t anticipate any relief this year, when it predicts it will lose as much as $5.
EVs Cost Ford Staggeringly Huge Amount in Losses Over Just 3 Months
New information from Ford shows that the road to electric vehicle profitability is filled with potholes. Ford has projected that in 2025, it will lose up to $5.5 billion on its electric vehicle and software divisions.
Ford Sees Sharp Profit Drop as Trump Tariff, EV Threats Loom
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 shares slide as automaker forecasts weaker growth, further losses for electric vehicle unit
Ford Motor Co. is forecasting weaker earnings growth for this year and further losses in its electric vehicles business as it ...
Ford's gas vehicles head to take on expanded role of leading EV unit
Ford said on Wednesday the president of its gasoline vehicles business, Andrew Frick, would take on the additional role of ...
Test-Driving The 2025 Ford Explorer Electric
The Ford Explorer Electric was introduced after the Ford Mustang Mach-E, and was soon followed by the Capri. Of course, ...
Ford's CEO Finally Says The Quiet Part Loud About Tariffs
Tariffs have been a hot topic over the past two weeks. The number one uncertainty is if those tariffs would be enacted as ...
Ford Q4 earnings preview: Cost control, EV update, and tariff game plan key for Wall Street
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 is bringing its free home EV charger offer to Canada.
Canadians can now take advantage of the recently extended Ford Power Promise promotion, which includes a free home charger ...
Green Car Reports4h
Report: Ford developing plug-in hybrid Super Duty, SUVs
Ford has begun planning a series plug-in hybrid system for use in SUVs and its largest Super Duty heavy-duty pickup trucks, ...