Ford Sees Electric-Vehicle Losses Growing to $3 Billion in 2023 [BNN Bloomberg (Canada)]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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US:NYSE Investor Relations:
shareholder.ford.com
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Source: BNN Bloomberg
The deficit matches its accumulated EV losses over the past two years. The automaker issued guidance Thursday on its EV unit as well as performance for its traditional internal-combustion-engine and commercial operations as it moves to begin reporting financial results by business unit, rather than region. The company is keeping its profit forecast for the current year unchanged. Ford also restated its results for the last two years, showing its nascent EV business lost $2.1 billion last year, before interest and taxes, and $900 million in 2021 on that basis. Chief Executive Officer Jim Farley is radically reorganizing the 120-year-old automaker by cleaving it into three units — one for EVs dubbed Model e, another for internal combustion engine vehicles called Ford Blue and a third for commercial trucks and vans known as Ford Pro. Ford is the No. 2 seller of EVs in America on the strength of its F-150 Lightning plug-in pickup and battery-powered Mustang Mach-E. But it is miles
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News
- Strong fleet sales offset electric losses at Ford [Yahoo! Finance]Yahoo! Finance
- Ford tops estimates on strong demand for work trucks [BNN Bloomberg (Canada)]BNN Bloomberg
- Ford's 1Q net income falls 24% as combustion engine unit sees sales and revenue decline [Yahoo! Finance]Yahoo! Finance
- Ford beats sales, profit estimates amid EV strategy overhaul [BNN Bloomberg (Canada)]BNN Bloomberg
- Ford's first-quarter adjusted profit falls [Yahoo! Finance]Yahoo! Finance
F
Earnings
- 4/24/24 - Beat
F
Sec Filings
- 4/24/24 - Form 8-K
- 4/22/24 - Form 8-K
- 4/5/24 - Form DEFA14A
- F's page on the SEC website