Ford reported Q4 results that missed expectations. They posted a net loss for the quarter largely due to charges from the EV business. Adjusted EPS was $0.13 vs $0.19 expected. Despite the miss, the stock moved up slightly because the 2026 outlook is better than feared. They're projecting $8-10 billion in adjusted EBIT for 2026. The EV unit is still struggling and expected to lose another $4-4.5 billion. Supply chain issues with aluminum also hurt margins, but those are expected to normalize later this year. On the positive side, hybrid sales are strong and helping offset the drop in EV sales.