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US automaker: Ford raises profit forecast again
Germany📈 Economy21 hr. ago

US automaker: Ford raises profit forecast again

Ford has raised its profit forecast for the second time this year, citing strong demand in the United States. The company now expects an operating profit of $10–$11 billion for 2026, up from a previous target of $8.5–$10.5 billion. Despite this positive outlook, Ford reported an overall net loss of $1.3 billion due to the dissolution of a joint venture with SK On. The company’s core operational profit increased by nearly 20% in the second quarter to $2.5 billion, helped by strong customer demand. However, Ford continues to face challenges in its electric vehicle and software division, which recorded a loss of $919 million in the second quarter and is expected to result in a total annual loss of around $4 billion. Sales of electric vehicles in the U.S. dropped by over 57% during the first half of the year.

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Die Zeit logoDie ZeitIndependentCenter21 hr. ago
US automaker: Ford raises profit forecast again

Ford has raised its profit forecast for the second time this year, citing strong demand in the United States. The company now expects an operating profit of $10–$11 billion for 2026, up from a previous target of $8.5–$10.5 billion. Despite this positive outlook, Ford reported an overall net loss of $1.3 billion due to the dissolution of a joint venture with SK On. The company’s core operational profit increased by nearly 20% in the second quarter to $2.5 billion, helped by strong customer demand. However, Ford continues to face challenges in its electric vehicle and software division, which recorded a loss of $919 million in the second quarter and is expected to result in a total annual loss of around $4 billion. Sales of electric vehicles in the U.S. dropped by over 57% during the first half of the year.

Bias read (Center): The article provides factual information about Ford's financial performance, including profit forecasts, losses, and market reactions. It does not take a clear stance or show bias toward any particular political perspective. The content focuses on economic data and corporate performance without any

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