of 6.5% in automotive revenue, but a nearly 20% decline in adjusted EPS. The company's earnings during the second quarter of 2022 were assisted by high vehicle prices amid lower inventory levels.during the second quarter of 2022There's pressure on Ford after GM raised its yearly guidance Tuesday for the second time this year.full-year adjusted earnings of between $9 billion and $11 billion and roughly $6 billion in adjusted free cash flow.
Ford said it plans to have capital expenditures of between $8 billion and $9 billion in 2023., instead of by region. The Detroit automaker earlier this year released revised results for 2021 and 2022 according to the new structure.Much attention will be on Ford's "Model e" electric vehicle business, which lost $2.1 billion last year on an operating basis and $722 million in the first quarter of this year, wider than year-ago losses as it ramped up EV production.
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