Ford Slides 5% Pre-Market After Disappointing Outlook, High Loss From EV Segment In 2024

Quick Summary:

What Happened: The company reported its fourth quarter and full-year 2024 results on Wednesday and said that it expects overall full-year adjusted EBIT of $7 billion to $8 billion for 2025, lower than the adjusted EBIT of $10.2 billion reported for 2024.

Ford Motor Co.(NYSE:F) shares declined 5% in premarket trading on Thursday after the company said that it expects $5 billion to $5.5 billion in losses in its EV segment this year, in line with the loss recorded last year.

For the EV segment called Model e, the company reported a full-year EBIT loss ...

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets: United StatesCanadaChinaMexico

Topics: Mobility US3453708600 Electric vehicles Benzinga News F Tech EVs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-06 @ 11:09:08 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 354 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 25924863

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