ford lifted its fullyear forecast thursday after quarterly earnings nearly tripled on strong vehicle pricing in conventional autos that offset losses in electric vehicles ev shares of the big us automaker pushed higher on results flattered by higher auto sales in its internal combustion engine ice vehicle business even as it signaled nearterm losses in evs would be bigger than previously thought profits in the second quarter were 19 billion nearly triple the yearago level on revenues of 45 billion 12 percent chief financial officer john lawler described the period as a really strong quarter saying the raised forecast reflected stronger than expected pricing through the first half of 2023 but ford also now sees operating losses in its ev business of 45 billion up from the prior 3 billion the automaker slowed its timeframe for ramping up ev production pushing back the timeframe to reach 600000 per year in 2024 instead of this year ev adoption is not going to be a straight line lawler said we have flexibility we are going to optimize on july 17 ford announced it was temporarily shutting its rouge electric plant in michigan as part of a plan to boost production of the f150 lightning pickup ford also announced price cuts of as much as 10000 on the vehicle following several similar pricing actions at tesla fords ev experience shows we have to have very competitive products from a cost standpoint said lawler who pointed to surveys that show 2030 percent of consumers express interest in evs but only seven percent end up buying ford now expects 2023 earnings before interest and taxes  a measure of profitability  of between 11 and 12 billion up from 9 to 11 billion lawler said the company expects higher costs due to a new labor contract with the united auto workers but did not release estimates shares of ford rose 08 percent to 1384 in afterhours trading