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Ford lost $5 billion on its EV business
Ford Still Losing Billions on EVs, but Not All Is Lost
For the full year of 2024, Ford posted a net income of $5.9 billion on adjusted earnings of $10.2 billion. Its electric vehicle business, however, lost $5.1 billion, even worse than its loss of $4.7 billion the year prior. It expects to lose even more, $5.5 billion, on EVs in 2025.
Ford lost $5 billion on EVs in 2024, teases new models
Ford’s electric vehicle and software business lost $5.1 billion in 2024, up from $4.7 billion lost in 2024. And the automaker doesn’t anticipate any relief this year, when it predicts it will lose as much as $5.
Ford lost $5 billion on its EV business in 2024—and things could get worse this year
Ford is the first major automaker to report earnings since Trump signed an executive order stating that the U.S. would impose 25% tariffs on goods from Mexico and Canada, which would affect Ford.
Electrek
3d
All the EVs (and PHEVs) you can buy with 0% financing in February 2025
If that sounds like you, and you’ve been waiting for the interest rates on auto loans to drop, you’re in luck: there are a ...
autoevolution
12h
Mercedes-Benz EVs in the US Gained Access to Tesla Superchargers, but It's a Pain
Tesla now allows Mercedes-Benz EVs to use the Supercharger network, but owners will have to perform an update at the ...
USA Today
13d
Trump is taking aim at EVs. What does that mean if I want to buy one?
Unleashing American Energy is the title of Trump's order targeting the Biden administration’s support for
EVs
. That support ...
3d
How Honda is incorporating EVs into the cars it builds in America
Honda provided flights from Daytona to Columbus then Washington, DC, and accommodation so Ars could visit its factories. Ars ...
1d
on MSN
Scout Motors sued over plan to sell EVs direct to consumers
Scout Motors' plan to eschew traditional dealerships and sell EVs directly to consumers is running into legal trouble. A ...
Paul Tan
32m
JPJePlate for EVs – plate design being replicated and used on ICE vehicles, which is not legally allowed
Launched last September, there’s no denying that the JPJePlate, which is specifically meant for use on electric vehicles (EV), provides the type with a unique identity through its distinct physical ...
1h
What’s stopping more drivers in Malaysia from buying EVs
Tax exemptions and cost savings draw more to EVs, but affordability is restricted by high floor price. Read more at ...
7d
on MSN
Los Angeles fire cleanup complicated by 'unprecedented' number of EVs with combustible lithium-ion batteries
California wildfire cleanup is complicated by highly combustible lithium-ion batteries found in electric and hybrid vehicles ...
4d
on MSN
Aston Martin's New Boss Pushes Back Further on EVs
Aston had previously pledged to introduce its first EV as soon as 2026, but that now definitely won’t he happening.
7h
Trump has California’s high-speed rail in his crosshairs again
DOGE certainly has high-speed rail in its crosshairs. Before DOGE co-chair Vivek Ramaswamy stepped down to pursue a run for ...
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