Recently, Ford released its third-quarter financial report, showing revenue of $46 billion (approximately 328.2 billion yuan), with an adjusted earnings before interest and tax (EBIT) of $2.6 billion (approximately 18.5 billion yuan) and operating cash flow of $5.5 billion (approximately 39.2 billion yuan). This marks the 10th consecutive quarter of year-over-year revenue growth.
In detail, the revenue from the internal combustion vehicle unit reached $26.2 billion (approximately 186.9 billion yuan), a 3% year-over-year increase. Hybrid vehicle sales saw a 30% growth, with the global share expected to reach 9% by the end of the year. Revenue from the commercial vehicle unit was $15.7 billion (approximately 112 billion yuan), reflecting a 13% year-over-year increase. Additionally, the cost for the electric vehicle unit decreased by $500 million (approximately 3.6 billion yuan) year-over-year.
Looking ahead to the full year of 2024, Ford expects an adjusted EBIT of around $10 billion (approximately 71.3 billion yuan) and adjusted free cash flow of $7.5 billion to $8.5 billion (approximately 53.5 to 60.6 billion yuan).
