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Ford lost $5B on EVs in 2024, expects to do the same this year

Ford projects losses of up to $5.5 billion for its electric vehicle and software operations in 2025, similar to last year's losses, indicating ongoing challenges in cost management.
The company reported a net profit of $1.8 billion for the fourth quarter, an increase from a loss of $500 million in the same quarter last year.
Ford is facing uncertainty due to President Donald Trump's threatened tariffs on imports from Mexico and Canada, which could impact its popular models.
CEO Jim Farley warned that proposed tariffs could wipe out billions in industry profits and adversely affect U.S. Jobs and customer prices.

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Fox Business

Ford expecting mounting EV losses this year

Ford Motor Co. announced its fourth-quarter earnings this week, and while they came in above expectations, the Detroit automaker signaled the losses in its electric vehicle (EV) division are projected to continue this year.Ford reported that its EV division, known as Model e, lost $5.1 billion in 2024. In its full-year outlook for 2025, Ford said that it expects adjusted earnings before interest and taxes (EBIT) of $7 billion to $8.5 billion, wi…

14 days ago·United States

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Crain's Detroit Business

Ford granted extension for Marshall EV battery plant

Michigan is giving Ford Motor Co. an extra year in its deadline for investment and job creation at a scaled-down electric vehicle battery factory in Marshall.

14 days ago·Detroit, United States

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tfppwire.com

Ford's Disaster: Company Lost Billions on Electric Vehicles in 2024

Ford’s electric vehicle division is bleeding billions, with losses growing year after year. Despite efforts to cut costs and improve production, the company warns that 2025 could be even worse. Key Facts: Ford reported a **$5.1 billion loss** in its electric vehicle (EV) and software division for 2024, up from **$4.7 billion in 2023**. The company **expects losses to reach $5.5 billion in 2025** as EV challenges persist. Despite EV struggles, F…

14 days ago

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Just the News

Ford lost nearly $49,000 on each electric vehicle it sold in 2024

While Ford remained profitable, it's electric vehicle business lost $5.1 billion in 2024.

14 days ago·Washington, United States

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WLTReport

FORD Loses Billions in EVs, CEO Sounds Warning Against Trump's Tariffs

Ford reported a whopping $5.1 billion loss in its EV and software division for 2024. And the losses continue. They stand to lose $5.5 billion this year. Time to pull the plug on this EV experiment gone wrong! But traditional gas vehicles kept Ford profitable, with a $5.9 billion net income. No surprise there. CEO Jim Farley warned that tariffs threatened by President Trump on imports from Mexico and Canada could ‘devastate the industry’, raise p…

15 days ago

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