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Ford Had Its Biggest Net Loss Since the Recession Due To EV Troubles (gizmodo.com)

submitted 2 weeks ago by spaghettiwestern@sh.itjust.works to c/economy@lemmy.world

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Auto giant Ford reported its worst quarterly earnings in four years on Tuesday, and a net loss of $8.2 billion for 2025, the largest yet since the 2008 recession.

At least some of that is due to the $4.8 billion that the company’s electric vehicle division lost in 2025.

The outlook is still looking bleak. Company executives said they expect to lose $4-4.5 billion more in 2026, and no expectation to breakeven until around 2029.

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[–] scintilla@crust.piefed.social 3 points 1 week ago (1 children)

Fords in general kinda suck. I wouldn't buy most modern american made cars tbh.

[–] jrwperformance@lemmy.world 5 points 1 week ago (1 children)

Most modern vehicles today are sucking more and more. I work on a wide variety of brands. The thing I keep seeing over the years is cheap plastic parts. Great example is the oil filter housing/oil cooler on the BMW B58 engine. There is a thin, plastic ledge that the gasket rides against. When it cracks, the gasket folds over and you get a massive coolant/oil leak. There's a similar situation with Chrysler 3.6l V6. Or the weak intake manifolds on Mercedes OM651 diesels! Yay, boost leak!! I can keep going...

[–] scintilla@crust.piefed.social 3 points 1 week ago

Have you seen the absolutely stupid design some minis have for their oil filter? Company I work for has a TSB on it because to get it off you have to take out the coolant reservoir. Which has a plastic part that's honestly about 50/50 on breaking even with experience. Plastic has been a scourge on the automotive industry.