EV Loss Drags Down Ford’s Q2 Profit

A loss before interest and taxes dragged down Ford’s second-quarter net result, missing analyst expectations despite an increase in revenues. The company reported revenues of $47.8 billion for the period, which was 6% higher than the figure for the year-earlier quarter, and a net result of $1.8 billion on earnings before interest and tax of $2.8 billion. What’s more interesting is the breakdown of the financial figures by segment, after Ford divided its business into three parts: Ford Blue, for its gas-powered passenger car line, Ford…