ford closed the last quarter with a heavy loss of $11.1 billion. The decisive factors were the restructuring of the highly loss-making electric car business, a fire at an aluminum supplier and the US President’s import tariffs Donald Trump (79).
The loss does not come as a surprise: the US car giant had already announced a write-off of $19.5 billion on battery-powered vehicles. Ford closed the previous year’s quarter with a profit of $1.8 billion. Sales, meanwhile, fell by 5 percent year-on-year to $45.9 billion (38.7 billion euros).
Electric car division with a loss of $1.2 billion
At the division level, the picture was similar to that of previous quarters: the electric car division posted an operating loss of $1.2 billion. Meanwhile, cars with combustion engines brought Ford an operating profit of $727 million and the commercial vehicle division earned a good $1.2 billion on this basis.