Ford Motor misplaced about $37,000 on every electrical car it offered final quarter. It doesn’t assist that the corporate’s gas-engine enterprise additionally prices greater than it ought to—a distinction from crosstown rival Basic Motors that buyers are ignoring at their peril.
The third-quarter outcomes Ford reported after hours on Thursday weren’t nice, with an adjusted working revenue of $2.2 billion. That was higher than the identical interval final 12 months, when the corporate was pressured to place out a revenue warning, however worse than the $2.7 billion analysts anticipated. By means of comparability, GM’s working revenue within the third quarter was $3.6 billion. Ford shares have been down about 4% in premarket buying and selling Friday.
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