Ford Motor Raises Full-Year Guidance Amid Strong Q2 Performance
Ford Motor reported second-quarter revenue of $48.3 billion, a 4% decline year over year, but adjusted EBIT rose sharply by 17% to $2.5 billion due to stronger pricing and favorable product mix. The company raised its full-year guidance for both adjusted EBIT ($10–$11 billion) and free cash flow ($6–$7 billion), citing improved performance across segments like Ford Blue, despite challenges in the Ford Pro division from an aluminum supply disruption. Ford also announced a $3.6 billion one-time charge related to its battery joint venture disposition, contributing to a net loss of $1.3 billion for Q2. Despite this, it maintained strong liquidity with $43.4 billion and plans to pay a regular dividend in the third quarter. The company is investing heavily in growth initiatives such as improving Model e losses and launching a Universal EV platform vehicle next year. Ford Blue’s EBIT increased 72% due to favorable mix gains, while Ford Pro faced headwinds from supply chain issues.
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