Ford Motor expects $724 million first-quarter loss amid sales decline and EV strategy shift
Updated
Updated · MarketWatch · Apr 28
Ford Motor expects $724 million first-quarter loss amid sales decline and EV strategy shift
14 articles · Updated · MarketWatch · Apr 28
Analysts project Ford will post a $724.1 million Q1 loss versus a $471 million profit last year, with revenue rising to $42.66 billion.
First-quarter sales dropped 8.8% to 457,315 vehicles, driven by affordability issues and elevated gas prices linked to the Iran conflict. Ford's EV sales plunged 71% in February, prompting leadership changes and a new EV platform initiative.
Ford is shifting focus to gas-powered and hybrid vehicles, anticipating $7 billion in special charges related to its EV pivot. Talks with Geely on technology sharing in Europe continue, while investors await further strategy updates.
While opposing Chinese imports, what is Ford secretly planning with Geely in Europe?
Can Ford's radical new EV platform actually beat China's low-cost dominance?
Is Ford's retreat from an all-EV future a costly long-term mistake?
Why is Ford pivoting a car plant to power data centers amid EV losses?
In a market split by wealth, where do Ford's new mid-price EVs fit?
Will Ford's cost-cutting gigacasting make its new EVs too expensive to insure?