Ford’s Third-Quarter Profit Falls as EV Losses Persist

Ford’s Third-Quarter Profit Falls as EV Losses Persist · The Wall Street Journal

In This Article:

Ford Motor said its adjusted profit for the full year would come in at the low end of its guidance, disappointing investors after rivals General Motors and Tesla posted surprisingly strong results. Ford Chief Financial Officer John Lawler said Monday that higher-than-expected warranty expenses were a primary reason the company’s full-year profit would come in at the light end of its range. Ford shares were down 5% in aftermarket trading.