The company's adjusted EBIT of $2.6 billion and operating cash flow of $7.4 billion demonstrate operational cash generation, but adjusted free cash flow of $4.3 billion signals capital intensity. More troubling: Ford Pro, the company's high-margin commercial segment, generated $2 billion in EBIT on $17.4 billion revenue-a strong 11.5% margin-but it's being offset by Ford Model e's $1.4 billion EBIT loss as the company invests heavily in EV transition.
After years of saying that the next-generation 718 Boxster and Cayman will be electric only, Porsche reversed course on Monday. The sports car brand now says that "top" versions of the 718 will be available with gasoline engines. In today's polarized world, as an EV fan, this should enrage me. But it doesn't. It's the right call, even if you think the EV transition is happening too slowly.
Lotus has announced plans to cut up to 550 jobs in the UK, amounting to around 40 per cent of its British workforce, in a major restructuring aimed at securing the company's long-term survival. The Norfolk-based sports carmaker, majority-owned by Chinese group Geely, said the cuts were "necessary to secure a sustainable future in today's rapidly evolving automotive environment," citing the impact of falling sales, the transition to electric vehicles and mounting global tariff pressures.