Sector: Consumer Discretionary|Industry: Auto Manufacturers|Market Cap: $38.51B|Employees: 177K
Ford Motor Company is a global automotive company that designs, manufactures, and sells a wide range of vehicles, including trucks, SUVs, commercial vans, and luxury vehicles. The company operates through three customer-centered business segments: Ford Blue, focusing on gas-powered and hybrid vehicles; Ford Model e, developing electric vehicles and software; and Ford Pro, serving commercial customers. Ford's key markets include North America, Europe, and China, and it has a significant global presence with approximately 177,000 employees.
Total revenue increased to $42.777 billion from $41.474 billion year-over-year, while total costs and expenses increased to $41.552 billion from $39.361 billion, indicating a squeeze on profitability.
Net income attributable to Ford Motor Company decreased to $1.332 billion from $1.757 billion year-over-year, reflecting lower operating income and higher costs.
Basic and diluted earnings per share both decreased to $0.33 from $0.44 year-over-year, mirroring the decline in net income.