BUSINESS

Ford Profit Jumps, Fire Slows Truck Output

Ford’s third-quarter profit more than doubled to $2.4 billion as strong truck and SUV sales offset tariffs, but a September fire at a key Novelis aluminum plant will slow pickup output and cut fourth-quarter pretax profit by up to $1 billion. The company halted F-150 Lightning production, shifted workers, and lowered its 2025 EBIT outlook to $6–$6.5 billion. Revenue rose 9% to $50.5 billion on 1.2 million vehicles. To plug gaps, Ford will boost large pickup output in Michigan and Kentucky, adding 1,000 jobs.

Reviewed by JQJO team

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