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SUV demand in the U.S. gives Ford a headwind
Austria💼 Business22 hr. ago

SUV demand in the U.S. gives Ford a headwind

Ford has raised its profit forecast for the current year to between $10 billion and $11 billion due to strong sales of profitable SUV models in the United States. However, revenue fell by four percent in the previous quarter to $50.2 billion, partly due to reduced availability of pickup trucks after a fire at an aluminum supplier. Higher sales of the Bronco and Explorer SUVs, along with lower losses in the shrinking electric vehicle segment, helped Ford achieve a break-even result rather than a loss of $1.3 billion compared to the same period last year.

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Kurier logoKurierParty-alignedCenter22 hr. ago
SUV demand in the U.S. gives Ford a headwind

Ford has raised its profit forecast for the current year to between $10 billion and $11 billion due to strong sales of profitable SUV models in the United States. However, revenue fell by four percent in the previous quarter to $50.2 billion, partly due to reduced availability of pickup trucks after a fire at an aluminum supplier. Higher sales of the Bronco and Explorer SUVs, along with lower losses in the shrinking electric vehicle segment, helped Ford achieve a break-even result rather than a loss of $1.3 billion compared to the same period last year.

Bias read (Center): The article focuses on financial performance and market dynamics related to Ford's sales and production challenges. It presents factual data on revenue changes, product lines, and external factors like supply chain issues. There is no evident ideological framing or emphasis on political aspects.

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