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 Stock Slides amid $5.5B EV Loss Forecast for 2025
Ford Motor (F) stock declined 4.5% in yesterday’s after-hours trading despite reporting better-than-expected Q4 results. The drop came after
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.
Ford Loses Over $5 Billion On EVs In 2024
Even though everyone was told for years that “electrification is the future” it seems for Ford the near future is all about internal combustion engines. Once again, the American automaker posted a huge loss for its EV division,
Some Toyota and Ford cars are being recalled in Canada. Here’s why
Monday’s Toyota recall was connected to an older recall issued in January. The notice said 31 cars are said to have been ...
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 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 ...
This firm employs thousands in Canada, the US and Mexico. Here’s what its workers think of Trump’s tariffs
In the hours before Canadian Prime Minister Justin Trudeau announced a 30-day pause on US President Donald Trump’s threatened ...
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 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 promises to remove tolls on publicly-owned Hwy. 407, permanently cut tax on gas if re-elected
Progressive Conservative Leader Doug Ford has said he will remove tolls on the publicly-owned stretch of Highway 407 and ...