Ford Reports $1.2 Billion Loss On Electric Vehicles In Q3 Amid Struggling EV Market

Ford lost another $1.2 Billion in 3Q On EVs - Vermont Daily Chronicle

FoMoCo’s third-quarter losses are being made public just two months after the company announced it was killing a planned three-row, all-electric SUV.

Ford Loses $1.2 Billion on Electric Vehicles Amid Ongoing Market Struggles › American Greatness

The Ford Motor Company announced on Monday that it has lost about $1.2 billion in the third quarter of 2024 due to its ongoing attempts to force the…

Ford Suffers Another Billion Dollar Loss in EVs - American Faith

Ford Motor Company lost $1.2 billion on electric vehicles (EV) in the third quarter. The company’s net income was $0.9 billion, down $0.3 billion from the third quarter of 2023. Overall, however, the company reported a revenue of $46 billion for the third quarter, a 5% increase from a year ago. “We are in a strong position with Ford+ as our industry undergoes a sweeping transformation,” Ford President and CEO Jim Farley said in a press release. …

Ford Hemorrhages Another $1.2 Billion on EVs as Market Struggles Continue - 🔔 The Liberty Daily

(DCNF)—Ford Motor Company lost another $1.2 billion on electric vehicles (EV) in the third quarter, according to a Monday press release. The company’s net income also fell to $0.9 billion, down $0.3 billion from the third quarter of 2023, according to the press release. The loss was largely due to a $1 billion charge related to EVs, according to the release. Ford’s earnings before interest and taxes (EBIT) for the full year is expected to be aro…

Ford Lost Another $1.2 Billion in 3Q On EVs

The ugly EV news from Ford Motor Company just keeps coming. This afternoon, the company reported that it lost $1.224 billion in its EV business during the third quarter. In early October, the company reported EV sales “were up 14.8 percent on best-ever sales of 20,962 vehicles.” Thus, simple division shows that the storied automaker lost $58,391 for each EV it sold during the quarter.

Ford Hemorrhages Another $1.2 Billion On EVs As Market Struggles Continue

The company's net income also fell to $0.9 billion, down $0.3 billion from the third quarter of 2023, according to the press release.