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Ford lost $5 billion on its EV business
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.
Ford’s EV losses hit billions in 2024, is the worst yet to come?
Tariffs could compound Ford’s problems. President Donald Trump’s threats to impose 25% tariffs on imports from Mexico and Canada could fur
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 CEO urges Trump not to 'cherry-pick' tariffs
Ford CEO: Trump tariffs would wipe out billions in profits if they’re long lasting
Jim Farley, CEO of Ford (F) has joined the rest of the auto industry to warn Trump against them. He reasoned that the US profits would be run over if you hit the world with tariff hikes. Tariffs have hit the motor industry the most.
Ford's CEO Finally Says The Quiet Part Loud About Tariffs
Ford CEO Jim Farley didn't mince words during the company's latest financial call on Wednesday. The Blue Oval's brand chief made it clear: if U.S. President Donald Trump enacts 25% tariffs on imports from Canada and Mexico, new car buyers will be the ones who end up footing Ford's higher bills.
Ford CEO urges Trump not to 'cherry-pick' tariffs as auto industry faces multibillion dollar threat
During Ford’s Q4 earnings call yesterday, Farley warned that prolonged tariffs on imports coming from Mexico and Canada, where Ford and rival GM ( GM) make vehicles, would have a "devastating impact" on the industry, with the potential for billions in profits to be wiped out.
1d
on MSN
Some Toyota and Ford cars are being recalled in Canada. Here’s why
Monday’s Toyota recall was connected to an older recall issued in January. The notice said 31 cars are said to have been ...
2d
on MSN
Canada, Mexico integral to US auto manufacturing for a century
American automakers have relied on labor from neighbors to the north and south since the early days of auto production in ...
9h
on MSN
Ford Plans EREV Powertrains; Tariffs Could Force ‘Major Strategy Shifts’
CEO Farley says extended-range EVs work better for large cars and trucks; Tariffs on Mexico and Canada are okay for Ford if ...
2d
Why Donald Trump paused his tariffs on Canada + Doug Ford defends his choice to hold an election
A 30 day pause on U.S. tariffs, Doug Ford’s provincial election and the death of a successful reading program.
17h
on MSN
Ford 2024 earnings of $10.2 billion are a slight dip from 2023
Ford Motor Co. on Wednesday reported its 2024 adjusted earnings before interest and taxes dropped slightly to $10.2 billion, ...
3d
on MSN
Ontario will be 'ripping up' its $68 million Starlink contract with SpaceX, Doug Ford says
SpaceX's Starlink was awarded the $68 million contract in November to provide internet services to 15,000 homes and ...
3d
Trade War: Ford Is Well Protected From Tariffs, But Not The Consumer Revolution They May Unleash
Ford's stock performance has been stagnant for years with no appreciation despite dividends, underperforming the S&P 500 ...
2d
on MSN
Ford EV Buyers In Canada Can Get A Free Home Charger And Installation
The complimentary home charger and installation are bundled with the purchase or lease of the aforementioned EVs between ...
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