Hefty EV costs dent Ford profits

By Agence France-Presse

Oct 30, 2024 12:19 am

NEW YORK ― Ford reported lower profits on Monday and reduced its full-year earnings outlook as hefty one-time electric vehicle (EV) expenses weighed on results.

The major US automaker reported third-quarter profits of $892 million, down 26 percent from the year-ago level, on revenues of $46.2 billion, up 5.5 percent.

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