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Ford increases profit outlook despite losses
Ford has raised its profit outlook for 2026 after delivering strong results in the second quarter, despite a decline in revenue and reporting quarterly losses of $1.3 billion. This was driven by improved operational efficiency, continued strength in vehicle pricing, and increased sales of more profitable models, prompting the company to upgrade its adjusted earnings forecast to between $10 billion and $11 billion, along with total free cash flow of between $6 billion and $7 billion. Ford also lowered its expectations for losses in the "Model E" electric vehicle unit to around $4 billion. The company explained that exceptional costs related to scaling back its plans for electric vehicles were responsible for these losses, even though some of its units showed improvement, contributing to an increased tendency toward higher profits and a more profitable future.
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