Ford adjusted EBIT down 26.3% in Q2 on warranty claims, EV costs

On July 24, Ford reported second-quarter revenue of USD 47.8 billion (up 6.2%), net income of USD 1.8 billion (down 5.3%) and adjusted EBIT of USD 2.8 billion (down 26.3%).
Ford’s expectations for full-year 2024 adjusted EBIT unchanged at USD 10 billion to USD 12 billion.
The company notes that profitability was affe....

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