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Ford Beats Expectations, Sees More Profit Growth Ahead

(Bloomberg) Ford Motor Co., buffeted by electric vehicle losses and rising labor costs, posted fourth quarter results that soundly beat expectations and forecast higher profits in 2024.Most Read from BloombergTrump Denied Immunity in DC Election Case by Appeals CourtXi to Discuss China Stocks With Regulators as Rescue Bets BuildWall Street Snubs China for India in a Historic Markets ShiftKing Charles Treated for Cancer in New Royal Health Scare‘Money Dysmorphia’ Traps Millennials and Gen Zers

Ford reveals plans for small, cheap EVs to take on Tesla and China

Ford earnings: Working on smaller, cheaper EV as it projects $5.5 billion unit loss

The ultimate competition is going to be the affordable Tesla and the Chinese” model EVs, CEO Jim Farley said.

Ford Beats Profit Expectations, Sees More Earnings Growth Ahead

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