Ford Reports $1.2 Billion Loss On Electric Vehicles In Q3 Amid Struggling EV Market
- Ford Motor Company revealed a $1.2 billion loss on electric vehicles in the third quarter of 2024, as stated in a press release Monday.
- The automaker's net income fell to $0.9 billion, down by $300 million from last year, mainly due to a $1 billion EV-related charge.
- Total electric vehicle losses for Ford in 2023 have reached $4.7 billion, following a $1.3 billion loss in Q1.
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