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Economy
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Ford Motor has reaffirmed its profit before interest and taxes (EBIT) forecasts for 2025, estimating it between $6 billion and $6.5 billion, despite a new fire at the Novelis plant in New York, a major aluminum supplier. Ford's shares rose by about 4% after this statement, with investors reacting positively. Although Ford lowered its profit forecast in October, estimating a gross impact of up to $2 billion due to the previous fire, the company intends to recover $1 billion by increasing production at certain plants. The fires have affected the production of the electric F-150 Lightning pickup and the gasoline version F-150. Novelis announced that it will resume operations by the end of December, accelerating the previously estimated timeline. Ford and Novelis will continue to provide updates as new information becomes available.
Sources
Ford îşi menţine estimarea de profit anual după un nou incendiu la furnizorul de aluminiu Novelis
Ford Motor îşi menţine previziunile privind profitul pentru 2025, în ciuda incendiului de la uzina Novelis
Compania Ford Motor îşi menţine estimarea de profit anual, după un nou incendiu la furnizorul de aluminiu Novelis