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Ford Still Losing Billions on EVs
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.
22h
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 ...
autoevolution
5h
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 ...
3d
on MSN
Future of EVs in the U.S. faces existential threat
Related: Where you'll feel the financial impact of Trump's tariffs CONWAY GITTENS: Now, you mentioned that while sales might ...
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 ...
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 ...
10d
on MSN
Trump order on EVs targets Maryland programs. Experts say parts might not stick.
With a Day 1 executive order involving electric vehicles, President Donald Trump seeks to upend Maryland programs to grow EV ...
Electrek
1d
Mercedes is already heavily discounting its 2025 EVs
Mercedes-Benz had a rough EV sales year in 2024, so to lure buyers back in, it's rolling out sweet discounts on its 2025 EVs.
3d
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.
2d
on MSN
Aston Martin’s EVs Could Vibrate Just Like An ICE
While recently speaking about Aston Martin’s first EV, which is set to arrive later this decade, chief executive Adrian ...
2h
on MSN
4 Used EVs With The Best Resale Value (And 4 With The Worst)
If you're thinking about getting an electric vehicle, resale value can be a factor. Here are some of the best and worst EVs ...
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