Ford Makes Big Profits — but Not From Electric Vehicles

Ford earned $48.3 billion last quarter and $2.5 billion in profit, raising its yearly forecast to $10–11 billion. Where's the money coming from? Gas cars, hybrids, commercial trucks, and its financing arm — not electric vehicles. Seven months after taking a $19.5 billion loss tied to its EV pullback, Ford's replacement EVs still haven't reached buyers.