Ford Reports Quarterly Loss but Says Sales Grew
Briefly

Ford Motor reported a loss of $526 million in the final three months of 2023, primarily due to special charges related to pension programs and the reorganization of overseas operations. However, the company's revenue for the fourth quarter rose to $46 billion, driven by strong sales of internal-combustion vehicles and light commercial trucks.
Ford reported a loss of $526 million in the final three months of 2023, mainly as a result of special charges related to its employee pension programs and the reorganization of some of its overseas operations.
The division responsible for gasoline and hybrid vehicles earned $813 million, while the commercial vehicle division made $1.8 billion. However, the division that produces electric vehicles reported a loss of $1.6 billion.
The unit that makes electric vehicles lost $1.6 billion.
Read at www.nytimes.com
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