Keith Naughton

Keith Naughton is an automotive reporter at Bloomberg News. His work focuses on the commercial unit of Ford, which is expected to become the carmaker's most profitable segment this year. He also covers the US dollar's role in global finance and the challenges faced by Detroit as it pivots toward cheaper electric vehicles, such as BYD's sub-$10,000 Seagull model. Naughton has reported on the rising repair costs for high-tech, sensor-laden vehicles and their impact on electric car adoption in the US. His coverage of the automotive industry includes insights into sticker prices, financing rates, and range anxiety that influence market trends.

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The Daily's Verdict

This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.

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Recent Articles

Ford Surpasses Earnings Expectations with Strong Sales of Work Trucks and Commercial Vehicles, Despite Electric Vehicle Losses

Ford Surpasses Earnings Expectations with Strong Sales of Work Trucks and Commercial Vehicles, Despite Electric Vehicle Losses

Broke On: Wednesday, 24 April 2024 Ford Motor Co. reported Q1 2024 earnings of $42.8 billion, surpassing estimates, driven by sales of work trucks and commercial vehicles through Ford Pro. The company's commercial unit contributed significantly to profits despite losses in the electric vehicle segment, specifically the Model e unit which reported a loss of around $1.3 billion or approximately $132,000 per vehicle sold. Ford maintained earnings guidance for 2024 and raised adjusted free cash flow outlook to $6.5-$7.5 billion.