Ford reports Q4 profit miss, $8 billion net loss for year as EV unit losses hit results

After the bell on Tuesday, Ford announced fourth‑quarter automotive revenue of $42.40 billion, matching consensus expectations. Adjusted earnings per share came in at $0.13, short of the $0.19 forecast, while adjusted EBIT was $1.00 billion versus the expected $1.16 billion. The quarter ended with a net loss of $11.1 billion, and the full year saw a net loss of […]

Buying an electric car? What to know about EV insurance costs.

Electric vehicles offer plenty of perks—from saving on fuel to reducing emissions—but one question often pops up: are they more expensive to insure? The short answer is yes. Because EVs tend to cost more to repair or replace after a mishap, insurance premiums usually sit higher than those for conventional cars. EVs already carry a […]