Friday, February 13, 2026 at 2:00 AM
Ford has reported a significant operating loss for its electric vehicle unit, attributing the downturn to the end of federal consumer incentives and predicting further losses in the coming years.
Detroit automaker reported its largest ever quarterly loss on EV-related charges.
The Japanese carmaker reported sharply weaker nine-month results, dented by U.S. tariffs and EV-related impairments.
Chinese automakers are shifting their focus overseas to offset intensifying competition and soft consumption at home.
The Japanese carmaker on Thursday recorded net loss of 28.3 billion yen, equivalent to $184.6 million, for the three months ended December.
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