Ford Reports $11.1B Q4 Net Loss on EV Strategy Charges

Ford Motor Company reported a net loss of $11.1 billion for the fourth quarter of 2025, its worst quarterly performance since 2008, primarily due to substantial charges related to an overhaul of its electric vehicle strategy. The Detroit-based automaker announced the results after the market closed on Tuesday, with revenue of $45.9 billion exceeding analyst expectations of $43.5 billion. Adjusted earnings per share came in at 13 cents, missing forecasts of 19 cents.

The quarterly loss stemmed from one-time charges totaling about $19.5 billion, most of which hit in the fourth quarter. Ford detailed $14.4 billion in special items, including $10.7 billion for impairments in its Model e electric vehicle unit and program cancellations, $3.2 billion tied to the planned disposition of its BlueOval SK joint venture, and $800 million from scrapping a three-row electric SUV project. These moves reflect a strategic pivot away from some all-electric models toward hybrids and more affordable battery-electric vehicles. The company discontinued production of the all-electric F-150 Lightning pickup, with plans to replace it around 2027 with an extended-range version, and ended output of two...