Ford Stock Drops as Automaker Projects Lower Earnings, Offsetting Upbeat Q4 Results

KEY TAKEAWAYSFord shares are tumbling in Thursday morning after the automaker posted a downbeat outlook weighed on by losses in its electric vehicle business that offset higher-than-estimated quarterly results.Ford Model e, the company’s EV division, reported a 2024 EBIT loss of $5.1 billion.CEO Jim Farley said tariffs on Canada and Mexico would wipe out "billions of dollars of industry profits." Ford (F) shares are tumbling Thursday morning after the automaker posted a downbeat outlook weighed on by losses ...