Ford posted a second-quarter net loss of $1.3 billion, driven by a $3.6 billion largely non-cash special item charge tied to the previously announced disposition of the BlueOval SK joint venture. The full $4.2 billion of pre-tax special item charges also includes costs tied to the EV program cancellations announced in December 2025. At the time, Ford said it expects to take about $19.5 billion in charges, mainly tied to its electric-vehicle business, as it bolsters its lineup of gas-powered vehicles and hybrid vehicles amid tepid EV demand.

This article was automatically created using artificial-intelligence technology and reviewed by Dow Jones Newswires editors.