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0.000771010023130284 0.000771010023130284 0.00154202004626057 0.000670778720123305 0.00539707016191213 0.00539707016191213 0.00539707016191213 0.00539707016191213
Stock impact report

Ford Pro Rolls on Commercial Side, While Model e Losses Mount [Yahoo! Finance]

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: Yahoo! Finance
Ford Pro, which includes commercial trucks sold primarily for fleets in the US and Europe, posted a $3 billion EBIT for the quarter, a very healthy 36% increase year-over-year, with volume up 36%. Model e volume was down 20% year-over-year in the first quarter and revenue was down 84%, but the cost to build the Mustang Mach-E has been cut by $5,000 since its model year 2021 launch. Ford Pro's commercial truck and van business far out-earned its traditional ICE-powered Blue “legacy” unit in the first quarter of 2024, according to financial results released Wednesday. In its earnings call with investors, CEO Jim Farley and CFO John Lawler also see opportunity in the entry-level commuter EV market now that Tesla apparently has abandoned plans for a $25,000 Model 2. Ford Blue, the division in charge of combustion-powered Mustangs, trucks, SUVs, and Lincolns, earned $900 million before income taxes in the first quarter, hampered by the timing of its next-generation F-150. Blue's Show less Read more
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