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Ford lost $5 billion on its EV business
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’s EV losses hit billions in 2024, is the worst yet to come?
Ford managed to beat Wall Street’s expectations for the fourth quarter of 2024, posting $48.2 billion in revenue, up $2.2 billion year-over-year. Gains from its gas-powered vehicle sales helped offset net losses from an unprofitable EV business.
Donald Trump, Ford Motor Company
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 on an expected drop in vehicle prices and costly new-model launches, adding to risks posed by potential steep new tariffs under President Donald Trump and dimming electric vehicle prospects.
Trump's China tariff increase affects Ford and GM vehicles, billions of dollars in auto parts
President Donald Trump’s move to impose 10% additional tariffs on imports from China this week affects a small number of U.S. vehicles.
Ford Stock Is Falling. CEO Says Trump Tariffs Will Damage U.S. Auto Industry.
Farley also defended Ford’s U.S. manufacturing footprint, pointing out that about 80% of Ford vehicles sold in the U.S. are made in the country. What’s more, all of Ford’s t
Electrek
17h
This is the Chinese EV Ford’s CEO says it needs to beat ‘straight up in a street fight’
After announcing its electric vehicle business lost over $5 billion in 2024, Ford could face even more headwinds this ...
Motor Authority
1h
Ford plans extended-range powertrains for large SUVs, pickups
Ford CEO Jim Farley has revealed that the automaker is developing extended-range powertrains for its large electric SUVs and ...
1d
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 ...
1d
on MSN
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 ...
22h
on MSN
Ford CEO Jim Farley Says Big Electric Trucks Aren't Profitable Just Yet
"Customers have shown that they will not pay any premium for these large EVs," Farley said in an earnings call.
7d
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, ...
1h
GM, Ford shares are cheap for a reason as risks pile up
The share of sell recommendations from analysts covering GM and Ford is currently at the highest level in at least a decade.
Autocar India
8h
Ford EV strategy reworked to now include range-extender hybrids
Ford has confirmed it is working on range extender EVs as electric sales dip. Tap for Ford CEO Jim Farley comments on range ...
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