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Ford's Q2 adjusted profit falls on EV hit
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Ford's Q2 adjusted profit falls on EV hit
Jul 24, 2024 1:19 PM

July 24 (Reuters) - Ford Motor ( F ) reported a dip in

its second-quarter adjusted profit on Wednesday, as the

automaker battles lower profitability in its electric vehicle

business.

The Detroit automaker earned an adjusted profit of 47 cents

per share, compared with 72 cents per share a year earlier.

Analysts on average had expected the company to report 68

cents per share, according to LSEG data.

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