Ford Motor Company recorded a $1.2 billion loss on electric vehicles (EV) in the third quarter of 2024, as announced in a press release Monday. The automaker’s net income also dropped to $0.9 billion, down by $300 million from the same period last year, primarily due to a $1 billion EV-related charge.



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Ford's Electric Vehicle Gamble: A $1.2 Billion Loss and Trailing Competitors

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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.

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

Ford Motor Company recorded a $1.2 billion loss on electric vehicles (EV) in the third quarter of 2024, as announced in a press release Monday. The automaker’s net income also dropped to $0.9 billion, down by $300 million from the same period last year, primarily due to a $1 billion EV-related charge.


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

Ford's recent financial report paints a sobering picture of the company's struggles in the electric vehicle market.

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. …

American Faith

Ford Suffers Another Billion Dollar Loss in EVs - American Faith

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.

Vermont Daily Chronicle

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

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…

American Greatness

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

By Nora Eckert DETROIT (Reuters) -Ford Motor stock has tumbled about 8% so far this week after the company faltered on CEO Jim Farley’s mission to improve efficiency in its traditional gasoline-engine operations, whose profits the company needs to fund its expensive electric vehicle plans. Quality and warranty problems, supplier issues and waste in the […]

Global Banking & Finance Review

Ford Faces Challenges Amid Efficiency and EV Ambitions

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.

Watts Up With That?

Ford Lost Another $1.2 Billion in 3Q On EVs

Ford Motor reported a net income of $892 million for the third quarter of 2024, marking a 25% decrease compared to the previous year. This decline followed a previously anticipated $1 billion charge for canceling its all-electric three-row SUV program. Despite this setback, the automaker achieved revenue of $46 billion, up 5.5%, reflecting its tenth consecutive quarter of revenue growth, though it fell short of analysts’ earnings per share expec…

CBT Automotive Network

Ford sees $892M Q3 profit but faces challenges amid rising costs and EV losses

Ford Motor Company reported on Monday its third quarter earnings results posting a third-quarter loss of $1.2 billion in its electric vehicle (EV) unit, pushing year-to-date losses for the segment to $3.7 billion as it faces “competitive market dynamics” and “industry-wide pricing pressure.”

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Ford EV Unit Loses $1.2 Billion in Q3 as Sales Decline 11%

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

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