Published 1 year ago

Ford’s EV business lost $2 billion in 2022, offset by big profits in fleet and legacy units

Summary by Ground News

Ford Motor said Thursday its electric vehicle business lost $2.1 billion last year on an operating basis, a loss that was more than offset by $10 billion in operating profit between its internal combustion and fleet businesses.

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Reuters

Ford sees $3 billion pretax loss in its EV business this year

Ford Motor Co expects its electric vehicle business unit to lose $3 billion this year, but remains on track to achieve a pretax margin of 8% by late 2026, the company said.

1 year ago·United Kingdom

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Associated Press News

Ford says EV unit losing billions, should be seen as startup

Ford’s electric vehicle business has lost $3 billion before taxes during the past two years and will lose a similar amount this year as the company invests heavily in the

1 year ago·United States

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abc News

Ford says EV unit losing billions, should be seen as startup

Ford’s electric vehicle business has lost $3 billion before taxes during the past two years and will lose a similar amount this year as the company invests heavily in the new technology

1 year ago·United States

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CNN

Ford to lose $3 billion from EV sales to consumers this year

Ford said it will lose $3 billion on its sales of electric vehicles to consumers this year, but it still expects to hit the profit targets it set for this year of between $9 billion and $11 billion.

1 year ago·Atlanta, United States

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Irish Independent

Ford says its electric vehicle business is losing billions

Ford’s electric vehicle business has lost three billion US dollars (£2.44 billion) before taxes during the past two years and will lose a similar amount this year as the company invests heavily in the new technology.

1 year ago·Ireland

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Washington Times

Ford says EV unit losing billions, should be seen as startup

Ford Motor Co.'s electric vehicle business has lost $3 billion before taxes during the past two years and will lose a similar amount this year as the company invests heavily in the new technology.

1 year ago·United States

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