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 ...
DETROIT — Ford Motor Co.’s electric vehicle ... units during the past two calendar years. Model e had pretax losses of $900 million in 2021 and $2.1 billion last year, and it is expected to ...
Ford is adjusting its EV strategy to include more hybrid options. The carmaker's Model e unit is expected to lose over $5 billion in 2024. Management devoted a special team to developing a low-cos ...
Demand from fleet-based vehicle operators is a lone bright spot for the EV industry as global sales sputter. While retail ...
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, F speeding ... expects to spend $5 billion on EVs in 2022, including capital expenditures, expense and direct investments. That's double the 2021 figure. The EV unit “will accelerate ...
(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.
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.
Xiaomi's SU7 — short for Speed Ultra 7 — enters a crowded China EV market ... volume of 60,000 units this year, Citi estimates the SU7 could generate a net loss of 4.1 billion yuan ($566. ...
Ford has a soon-to-be $5 billion problem with its EV unit -- but here's the good news.