Ford Lost $5.1 Billion on Electric Vehicles in 2024!

[D2D]

EV Fiasco: Ford Lost $5.1 Billion on Electric Vehicles in 2024!

Ford Motor Company has reported a $5.1 billion loss in its electric vehicle and software business for 2024, with expectations of losing even more in 2025.

The Verge reports that on Wednesday, Ford Motor Company announced its fourth quarter and full-year earnings for 2024, surpassing Wall Street expectations. However, the automaker also reported substantial losses in its electric vehicle (EV) and software division, known as Model e. The company lost $5.1 billion in this segment in 2024, a significant increase from the $4.7 billion lost in the previous year. Furthermore, Ford predicts that losses will continue to mount, potentially reaching $5.5 billion in 2025.

Despite these setbacks in the EV business, Ford’s traditional gas-powered vehicles continue to perform well, generating sufficient revenue to keep the company profitable overall. The automaker reported a full-year net income of $5.9 billion and an adjusted earnings of $10.2 billion. However, Ford cautioned that its earnings may drop by $2 billion or more in 2025 due to the costs associated with new vehicle launches and declining car prices.


https://www.breitbart.com/tech/2025/02/06/ev-fiasco-ford-lost-5-1-billion-on-electric-vehicles-in-2024

More wasted taxpayer dollars!

[wvit1001]

hahahahahahha.   what a goofy article.    even you can't believe this MAGA bullshit.   

[dont-blameme]

wvit sees that as progress.

[wvit1001]

No, Ford sees that as progress.    If they had really lost that much why would they continue to build EVs?   Do you think Ford has been in business for decades by choosing to lose money?

[D2D]

They aren't!

[wvit1001]

Ford will continue to produce and update its current EVs, including the Mustang Mach-E and F-150 Lightning.

Ford is delaying the launch of its next-generation EV, including a new electric pickup truck, until 2027. The company is also shelving plans to produce an electric three-row SUV.

Ford will begin making an electric commercial van in 2026 at its Ohio Assembly Plant.

https://www.reuters.com/business/autos-transportation/ford-plans-new-low-cost-ev-pickup-truck-launching-2027-2024-08-21/#:~:text=Ford%20said%20it%20will%20start,%2C%20with%20SK%20Innovation%20(096770.

[D2D]

At the same rate?

[wvit1001]

you said they weren't building EVs anymore goofy.   why are you such a obvious asswipe dan?

[chuck_curtis]

Someone there made a very poor business decision.   It happens.

[wvit1001]

EVs are the future, sales keep climbing.   So it wasn't a bad decision dan. 

[Jw2]

40% of Elon Musk's Space X rockets have exploded.  US Taxpayer dollars with each explosion.

[D2D]

you said they weren't building EVs anymore goofy.   why are you such a obvious asswipe dan?

Where did I say that?  What does Dan have to do with it?