Ford expecting mounting EV losses this year

[rangerrebew]

Markets Published February 7, 2025 1:28pm EST
Ford expecting mounting EV losses this year
Ford's electric vehicle division is projected to see losses continue in 2025
 
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Ford Motor Co. announced its fourth-quarter earnings this week, and while they came in above expectations, the Detroit automaker signaled the losses in its electric vehicle (EV) division are projected to continue this year.


Ford reported that its EV division, known as Model e, lost $5.1 billion in 2024. In its full-year outlook for 2025, Ford said that it expects adjusted earnings before interest and taxes (EBIT) of $7 billion to $8.5 billion, with free cash flows between $3.5 billion and $4.5 billion and capital expenditures between $8 billion and $9 billion.

When Ford broke down its various segments, it noted an EBIT loss of $5 billion to $5.5 billion for Model e. That is offset by positive EBIT of $7 billion to $8 billion from Ford Pro and $3.5 billion to $4 billion from Ford Blue, as well as earnings before taxes of $2 billion from Ford Credit.

https://www.foxbusiness.com/markets/ford-expecting-mounting-ev-losses-year

[mountaineer]

David Harsanyi
@davidharsanyi
Ford expects to lose $5.5 billion on EVs this year.
In 2024, it lost $5 billion, $60,000 on every EV it sold.
In 2023, it lost $4.7 billion.
In 2022, it lost $2.2 billion.
This is all driven by taxpayer subsidies & central planning.  And, in the end, we’re going to have to bail them out when the bubble pops.
https://washingtonexaminer.com/in_focus/3313018/time-to-end-electric-vehicle-subsidies/
9:07 AM · Feb 10, 2025

[catfish1957]

Good.  Put the dagger in this bs once and for all.