Ford generated $45 billion in revenue in the second quarter, a 12% pop from the same period last year largely fueled by sales of gas-powered trucks like the new Ranger, SUVs and commercial vans. Its EV business, meanwhile, has a long way to go.
Notably, the automaker raised its full-year guidance for 2023 to between $11 billion and $12 billion in adjusted earnings. The company also expects adjusted free cash flow of between $6.5 billion and $7 billion. Ford had previously set a guidance for adjusted earnings to between $9 billion and $11 billion.
Ford noted that …
