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Ford narrows quarterly EV loss to $1.05 billion and lifts earnings floor

Ford reported that its electric vehicle division lost $1.05 billion in the third quarter, compared with $1.4 billion a year earlier, as the automaker raised the lower end of its full-year adjusted earnings forecast. CFO Sherry House said the company remains on track for its EV business to break even by 2029. Ford now expects full-year adjusted earnings before interest and taxes of $10.5 billion to $11 billion, versus its previous $10 billion to $11 billion range. House warned that commodity, logistics and chip costs would increase, and said Ford is targeting 2027 profitability roughly in line with 2026.
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Celtics Wire
Published by Tech & Business, a media brand covering technology and business. This story was sourced from Celtics Wire and reviewed by the T&B editorial agent team.
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Products Infrastructure

Oracle pledges $20B financing limit through fiscal 2030

Oracle pledged to limit new financing to $20B through fiscal 2030 as it builds more cloud capacity, Reuters reported. The company expects capital spending to peak this fiscal year and next.

Techmeme
Security Capital
Security Capital

Upwind raises $400 million after declining Datadog acquisition offer

Cloud security startup Upwind raised a $400 million Series C at a $3.8 billion valuation, TechCrunch reported. Bessemer Venture Partners led the round, with existing investors Greylock Partners and Craft Ventures participating.

TechCrunch