Model e, Ford’s electric vehicle business, posted a full-year loss of $5.08 billion for 2024 as revenue fell 35% to $3.9 billion.
Ford Motor Co. is forecasting weaker earnings growth for this year and further losses in its electric vehicles business as it works to control costs.
The automaker said Wednesday that it expects its full-year adjusted pretax income to range between $7 billion and $8.5 billion. The company’s adjusted pretax income was $10.2 billion in 2024.
The company cited “headwinds related to market factors.”
Ford has been grappling with stubbornly high warranty expenses and lagging cost-cutting efforts. In the July-September quarter,
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