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 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 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 beat Q4 2024 earnings expectations, but its EV losses continue to pile up
Ford (NYSE: F) released its fourth-quarter earnings report after the market closed on Wednesday, beating top and bottom line
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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 ...
Ford EV Buyers In Canada Can Get A Free Home Charger And Installation
The complimentary home charger and installation are bundled with the purchase or lease of the aforementioned EVs between ...
Canada, Mexico integral to US auto manufacturing for a century
American automakers have relied on labor from neighbors to the north and south since the early days of auto production in ...
Ford CEO urges Trump not to 'cherry-pick' tariffs as auto industry faces multibillion dollar threat
During Ford’s Q4 earnings call yesterday, Farley warned that prolonged tariffs on imports coming from Mexico and Canada, ...
Ford's CEO Finally Says The Quiet Part Loud About Tariffs
Ford CEO Jim Farley didn't mince words during the company's latest financial call on Wednesday. The Blue Oval's brand chief ...
Ontario will be 'ripping up' its $68 million Starlink contract with SpaceX, Doug Ford says
SpaceX's Starlink was awarded the $68 million contract in November to provide internet services to 15,000 homes and ...
Ford Plans EREV Powertrains; Tariffs Could Force ‘Major Strategy Shifts’
CEO Farley says extended-range EVs work better for large cars and trucks; Tariffs on Mexico and Canada are okay for Ford if ...
Ford Expects Big Profit Drop as Trump Tariff, EV Threats Loom
Ford warned that profit may fall by $2 billion or more in 2025 on lower vehicle prices and costly new-model launches, adding ...
Ford 2024 earnings of $10.2 billion are a slight dip from 2023
Ford Motor Co. on Wednesday reported its 2024 adjusted earnings before interest and taxes dropped slightly to $10.2 billion, ...
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Ford recalls 7,698 vehicles in Canada over faulty rearview camera
You can also check online at Transport Canada, using your VIN, to see if your vehicle is affected by a recall. Transport ...