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Ford lost $5 billion on its EV business
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 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’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.
Ford, Trump and Jim Farley
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.
Trump tariffs will cost U.S. carmakers billions and are a ‘bonanza’ for Asian competitors, warns Ford CEO Jim Farley
The biggest winners from Trump’s proposed tariffs, Farley suggested, won’t be domestic automakers but Asian rivals that would face little additional impact.
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.
Electrek
5h
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 ...
5h
EV Sales Climb in Spite of Automaker Losses and Trump-Related Uncertainty
Ford's EV unit lost billions of dollars, but at the same time, EV sales as a whole were up in the U.S. in 2024 compared to ...
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 ...
8h
on MSN
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 ...
AutoGuide on MSN
6h
Ford Knows Electric Vehicles Can't Tow
Ford doesn't think battery-electric powertrains in its full-size trucks and SUVs make sense moving forward.CEO Jim Farley ...
Green Car Reports
14h
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, ...
1d
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 ...
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