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 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 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 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 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.
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 ...
Ford CEO: Trump tariffs would wipe out billions in profits if they're long lasting
President Donald Trump agreed to a 30-day pause on 25% tariffs on Canada and Mexico on Monday, while a 10% tariff on China ...
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
Tariffs have been a hot topic over the past two weeks. The number one uncertainty is if those tariffs would be enacted as ...
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 ...
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 ...
Trade War: Ford Is Well Protected From Tariffs, But Not The Consumer Revolution They May Unleash
Ford's stock performance has been stagnant for years with no appreciation despite dividends, underperforming the S&P 500 ...
Lawsuit alleges former Ford staffers promised to use 'backchannel contacts' to get land rezoned
Two former Ford government staffers — including one at the centre of the Greenbelt scandal — are being sued by a property ...