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

submitted 1 week 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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[–] marduk 2 points 1 week ago

I'm semi-interested in what Slate is doing but highly unenthused by its financial backer