Ford’s EV business lost $2 billion in 2022, offset by big profits in fleet and legacy units
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.
Published 2 months ago · Dearborn, United States
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.
2 months ago·Atlanta, United StatesRead Full Article
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.
2 months ago·IrelandRead Full Article
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.
2 months ago·Washington, United StatesRead Full Article
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