Reported 29 days ago
During Ford Motor Company's Q3 2024 earnings call, executives discussed the company's ongoing recovery and strategic initiatives, including cost-cutting measures, electric vehicle (EV) developments, and strengthening their Ford Pro services division. They reported a 5% year-over-year revenue growth and projected an adjusted EBIT of approximately $10 billion for the full year, despite challenges in warranty costs and pricing pressures. Notably, the company has made significant advancements in battery technology and production efficiency, aiming to enhance competitiveness in the evolving automotive landscape.
Source: YAHOO