Overview

• Ford's second-quarter net income fell 4.7% due to rising warranty and recall costs.
• The automaker missed Wall Street earnings expectations, reporting adjusted earnings of 47 cents per share.
• Ford's EV unit reported a $2.5 billion loss in the first half of 2024, prompting cuts to EV production and spending.
• Despite increased revenue, Ford's stock dropped over 11% in after-hours trading.
• Ford maintains full-year earnings guidance but faces ongoing challenges with quality and profitability.