Ford Motor is currently the largest internal combustion engine vehicle brand, the second-largest electric vehicle brand, and the third-largest hybrid vehicle brand in the U.S. market. In the second quarter of 2023, Ford's revenue reached $47.8 billion, a year-on-year increase of 6%; adjusted EBIT was $2.8 billion, totaling $5.5 billion for the first half of the year; the adjusted EBIT margin was 5.8%, up 2.7 percentage points. Ford Blue achieved profitability in all regions, while Ford Pro performed strongly with an EBIT of $2.6 billion and a margin of 15.1%. However, the electric vehicle division, Model e, continued to lose $1.1 billion. The full-year adjusted EBIT target remains at $10 billion to $12 billion, with free cash flow guidance raised to $7.5 billion to $8.5 billion, and plans to return 40% to 50% of adjusted free cash flow to shareholders.