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Ford CEO says 'customer has spoken’ after EV shift drives major quarterly loss

On HALO

6 days ago

Ford on Tuesday posted its largest quarterly loss since 2008 amid losses in the automaker's electric vehicle (EV) division, as well as the impact of tariffs and a fire that impacted an aluminum supplier.The Detroit automaker reported a fourth quarter net loss of $11.1 billion after previously disclosing large writedowns to its EV programs, which the company is realigning in response to lower-than-expected consumer demand and changing federal subsidies."I think the customer has spoken," Ford CEO Jim Farley said on the company's earnings call. "That's the punchline."The company lost $4.8 billion...