Ford Beats Q3, Cuts 2025 Guidance After Novelis Fire

Ford topped third-quarter expectations with revenue of about $50.5 billion, adjusted EPS of $0.45 and roughly $2.4 billion in profit, and reported improved margins and operational gains for the quarter. A September fire at a Novelis aluminum plant that supplies U.S. automotive sheet metal disrupted F‑Series production and led Ford to trim its 2025 adjusted EBIT guidance to $6.0–6.5 billion, warning of a $1–2 billion hit and a possible ~$1 billion smaller pretax Q4. Ford estimates roughly 100,000 units were lost from the disruption and expects to recover about half of that volume once supply stabilizes, while adding about 1,000 jobs at Michigan and Kentucky plants and reassigning F‑150 Lightning workers to gas/hybrid lines; it has halted Lightning production. The company said it is working with Novelis and other suppliers and disclosed program cancellations and plant repurposing in its 10‑Q as part of its response. Despite the quarterly beat, management now expects lower free cash flow and narrowed full‑year 2025 outlook as it navigates the supplier shock.