It wasn’t expected to be a good quarter for Ford Motor Co. Even then, the automaker’s second-quarter earnings managed to fall short of Wall Street’s expectations. That sent Ford shares tumbling by 11%, even though company leaders tried to assure investors they’re “on track” to deliver a full-year profit. More from Headlight.News.
Ford offered up good news with its first quarter earnings report, beating analysts’ estimates, although falling short of last year’s net income and margin numbers for the same period. Find out more about the company’s results at Headlight.News.
Ford took a hit in the fourth quarter courtesy of a massive charge, reporting a loss for the period. However, the company saw its revenue rise and it finished in the black for 2023. Get details at Headlight.News.
Ford is rethinking its commitment to battery-electric vehicles, at least in the near term, company officials revealed during an earnings call. It might seem a logical move considering the automaker lost about $37,000 on every EV it sold during the third quarter. But Ford is by no means the only automaker rethinking its commitment as growth in the electric vehicle market slows. Read the story at Headlight.News.