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

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

Chief Financial Officer John Lawler said Model e should be viewed as a startup company within Ford.

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

Ford Motor Co.'s electric vehicle business 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, the company reported Thursday.

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

Ford Motor Co.'s electric vehicle business 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, the company reported Thursday.

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

Ford Motor Co.'s electric vehicle business 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, the company reported Thursday.

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

Ford Motor Co.'s electric vehicle business 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, the company reported Thursday.

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

Ford Motor Co.'s electric vehicle business 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, the company reported Thursday.