Monday, Sept 23 2024

Ford earnings fall short of estimates after it strikes a tentative

By A Mystery Man Writer

Ford on Thursday reported significant growth in the third quarter, although its financial results fell short of Wall Street estimates. One of its weakest areas was Ford's electric vehicle division, where earnings before interest and taxes fell to a loss of $1.3 billion in the quarter — a significant widening from a $600 million loss in the year-earlier quarter — despite a 29% increase in revenue to $1.8 billion. The company blamed price competition in the sector, but Ford executives stressed that they remain committed to electric vehicles.
Ford on Thursday reported significant growth in the third quarter, although its financial results fell short of Wall Street estimates. One of its weakest