« previous next »
Pages: [1]   Go Down

Author Topic: Ford expecting mounting EV losses this year  (Read 284 times)

0 Members and 1 Guest are viewing this topic.

Online rangerrebew

  • TBR Contributor
  • *****
  • Posts: 176,810
Ford expecting mounting EV losses this year
« on: February 10, 2025, 07:37:56 am »
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
 
Electric vehicles are huge losers for automakers: Michael Buschbacher
Boyden Gray PLLC partner Michael Buschbacher discusses concerns of an electric vehicle mandate on The Bottom Line.

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
Logged
The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address

Offline mountaineer

  • Hero Member
  • *****
  • Posts: 62,047
Re: Ford expecting mounting EV losses this year
« Reply #1 on: February 10, 2025, 09:18:35 am »
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
Logged
The abnormal is not the normal just because it is prevalent.
Roger Kimball, in a talk at Hillsdale College, 1/29/25

Online catfish1957

  • The Conservative Carp Rapscallion of Brieferville
  • Political Researcher
  • *****
  • Posts: 25,277
  • Gender: Male
Re: Ford expecting mounting EV losses this year
« Reply #2 on: February 10, 2025, 09:35:36 am »
Good.  Put the dagger in this bs once and for all.
Logged
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.
Pages: [1]   Go Up
« previous next »