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Ford Q1 Profits Halved; CEO Vows Strong Comeback by 2026

From:Internet Info Agency 2026-02-11 06:20:02

Ford Motor Company's latest earnings report shows its quarterly core profit fell by approximately 50% year-over-year to $1 billion, primarily due to higher-than-expected costs stemming from a fire at an aluminum supplier’s factory. Despite short-term earnings pressure, CEO Jim Farley stated the company is actively advancing cost-cutting measures and accelerating the development of new vehicles with global competitiveness, expecting significantly improved and strong performance by 2026.

Editor:NewsAssistant