Ford's EV losses climb but overall profits rise

05:54pm, Thursday, 27'th Jul 2023
Losses are going up on Ford's electric vehicle business, but profit from its traditional internal combustion engine vehicles allowed it to beat Wall Street expectations.

Ford's Profit Jumped in Second Quarter

05:14pm, Thursday, 27'th Jul 2023
The automaker made more money on trucks and sport utility vehicles but reported bigger losses on electric vehicles.
Ford said it now expects its EV business unit, Ford Model e, to post an operating loss of about $4.5 billion this year
Ford generated $45 billion in revenue in the second quarter, a 12% pop from the same period last year largely fueled by sales of gas-powered trucks like the new Ranger, SUVs and commercial vans. Notab

Ford Profit Beats Expectations on Robust Sales

05:00pm, Thursday, 27'th Jul 2023
Ford posted adjusted earnings per share of 72 cents, topping the 54 cents analysts estimated on average. Bloomberg Intelligence's Kevin Tynan has more on "Bloomberg Markets: The Close.
Ford Motor Company (NYSE:F) said its second quarter revenue jumped 12% year-over-year, sending the automaker's stock higher after the closing bell on Thursday. For the quarter, the company posted reve
Ford Motor CEO Jim Farley and Executive Chairman Bill Ford held meetings this week with U.S. lawmakers amid Republican criticism of the automaker's licensing deal with Chinese battery manufacturer CAT
Ford Motor Co. shares rose nearly 3% in the extended session Thursday after the automaker posted profit that was about three times higher that last year's and a 12% increase in its quarterly revenue,
Ford Motor on Thursday raised its annual pre-tax profit expectation, as improving supply chains helped the automaker produce more pickup trucks and crossover family-SUVs to meet sustained demand from
Boris Schlossberg, managing director at BK Asset Management, joins 'The Exchange' to discuss Ford's EV F150 rollout struggles, the case for a long-term hold of Exxon, and Roku's big bet to develop in-
Much attention will be on Ford's "Model e" electric vehicle business, which reported widening losses during the first quarter.
The car company reports on Thursday evening. Auto investors have a lot of issues weighing on their minds.
Analysts at Cox Automotive on Wednesday called for a 15.3% jump in new-car sales in July, saying it is shaping up to be another solid month for new cars as inventories improve.
Ford Motor Co. is slated to report second-quarter earnings after the bell on Thursday, and the Detroit automaker has a tough act to follow: both Tesla Inc. and General Motors Co. have reported quarter
Ford's (F) high year-over-year sales of the new Escape and Maverick bode well for its second-quarter release.
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