Mike Colias

Ford shares sank in extended trading after the automaker reported disappointing second-quarter earnings and left its full-year profit outlook unchanged, a day after rival General Motors raised its guidance. Ford’s share price fell about 11% in after-market trading, erasing the stock’s gains in 2024. Ford Chief Financial Officer John Lawler said higher costs related to warranty work to fix customers’ older models weighed on profits.

Ford, GM and Tesla are all seeing their stock prices fall amid mounting signs of near-term pressure on profits.

Ford, GM and Tesla are all seeing their stock prices fall amid mounting signs of near-term pressure on profits.

The automaker expects to take $1.9 billion in related special charges and write downs as automakers continue adjusting their EV plans because of softer-than-expected demand.

The automaker expects to take $1.9 billion in related special charges and write-downs as automakers continue adjusting their EV plans because of softer-than-expected demand.

Ford and Jeep-maker Stellantis posted quarterly U.S. sales that show the automakers driving in opposite directions. + Ford said Wednesday that vehicle sales from July through September rose 1%. + Sales of F Series pickup trucks—Ford’s biggest money maker—rose 4%.

The automaker projects a full-year profit at the bottom end of its guidance.