One key takeaway from Ford's update on EVs is that Ford is broadening its hybrid electric vehicle strategy. In fact, Ford ...
Demand from fleet-based vehicle operators is a lone bright spot for the EV industry as global sales sputter. While retail ...
DETROIT — Ford Motor Co.’s electric vehicle business has lost $3 billion before taxes during ... “As everyone knows, EV startups lose money while they invest in capability, develop knowledge ...
U.S. automakers General Motors and Ford face a challenge in common when they report first-quarter results next week: ...
The automaker expects its Model e EV unit to lose between $5 billion to $5.5 billion this year. The unit lost $4.7 billion in 2023. Ford said Thursday that, by the end of the decade, it expects to ...
Ford also reported an adjusted loss of $1.3 billion for its EV unit, which was wider than Wall Street expected, saying that customers interested in EVs are “unwilling” to pay the vehicles ...
Despite that status, Ford expects that its EV division will continue to lose money—up to $5.5 billion in 2024, although that is more than offset by the money it expects to make selling ...
The shift in EV ... Ford's "Model e" electric vehicle business lost $4.7 billion in 2023, including $1.57 billion during the fourth quarter. In February, the automaker said it expected the unit to ...
For 2024, Ford is projecting the Model e EV unit to record an EBIT loss of $5 billion to $5.5 billion — indicating wider losses in the business unit compared to 2023.
(Reuters) -Ford Motor Co on Wednesday outlined plans to run its electric vehicle (EV) unit separately ... Ford said it expects to spend $5 billion on EVs this year, a two-fold rise over 2021.
Although Ford reported U.S. first-quarter EV sales rose 86% and hybrids were up 42% year-over-year, it expects to lose at least $5 billion on its Model e EV division in 2024. The manufacturing ...