From CNBC: 2025-02-05 12:18:19

Ford Motor is set to report its fourth-quarter earnings, with Wall Street expecting 33 cents adjusted earnings per share and $43.02 billion in automotive revenue, a slight decline from the same period last year. The pressure is on for Ford to perform after rival General Motors exceeded expectations, causing Ford shares to decline by nearly 20% last year.

Ford CEO Jim Farley expressed excitement for the upcoming year, emphasizing the importance of Ford’s financial performance. Ford will also need to address the impact of a 10% tariff on goods from China, including the Lincoln Nautilus, as well as potential tariffs on goods from Canada and Mexico. Despite market challenges, Ford’s operations in China earned $600 million last year.

General Motors recently had one of its worst days in years despite beating earnings expectations, partly due to concerns about potential tariffs. Ford and other automakers are facing challenges in the global market, making it crucial for them to perform financially and address tariff impacts on their businesses. Stay tuned for updates on Ford’s earnings report.



Read more at CNBC:: Ford Motor (F) earnings Q4 2024