Ford Motor Company reported a 6% year-over-year decrease in wholesale volume for its Ford Blue segment, totaling 588,000 units in the last quarter. This performance surpassed expectations of 524,000 units. Revenues from the Ford Blue segment reached $21 billion with an EBIT of $96 million.
Despite profitability in its traditional internal combustion engine (ICE) vehicles, Ford anticipates a decline in ICE vehicle sales compared to last year, impacted by a shifting product mix and foreign exchange challenges. The company aims to leverage profits from its legacy models to support its electric vehicle (EV) transition through its Model e segment, which has yet to become profitable.
In comparison, General Motors holds a 17.2% U.S. market share and is progressing in its electrification strategy. Meanwhile, Stellantis is re-evaluating its capital spending and slowing down its EV production in favor of increased ICE manufacturing.
