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0.000862812769628972 0.000862812769628972 -0.00345125107851589 0.00258843830888707 0.00517687661777399 0.00733390854184649 0.00647109577221752 0.00517687661777399
Stock impact report

Ford's EV business lost $2 billion in 2022, offset by big profits in fleet and legacy units [CNBC]

Ford Motor Company (F) 
Last ford motor company earnings: 4/28 04:09 pm Check Earnings Report
US:NYSE Investor Relations: shareholder.ford.com
Company Research Source: CNBC
The Detroit automaker expects 2023 to unfold along similar lines, forecasting an adjusted loss of $3 billion for its EV unit, adjusted earnings of about $7 billion for its internal combustion unit, and adjusted earnings of roughly $6 billion for its fleet business. The financials are the first detailed look at unit profitability as Ford unveils a new financial reporting structure that aims to give Wall Street a better understanding of how its electric vehicle business is evolving — and how profits from its internal combustion businesses are funding its electric transformation. The reformatted reports follow a sweeping reorganization , announced in March 2022, that divided Ford's global business into five business units: “Ford Blue,” its traditional internal combustion engine business; a new “Ford Model e” electric vehicle unit; “Ford Pro,” containing its commercial and government fleet business; “Ford Next,” which includes nonautomotive mobility solutions and other future tech; a Show less Read more
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