One key takeaway from Ford's update on EVs is that Ford is broadening its hybrid electric vehicle strategy. In fact, Ford ...
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 ...
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 ...
Ford adjusted its EV production targets ... with revenues rising 6.8% to $40.5 billion. However, the automaker said it saw a loss for its Model e unit of around $4.5 billion for the full year ...
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.
Last month, Ford said its EV business unit is projected to lose $3 billion this year, but the company expects to hit its 8% EBIT margin objective by late 2026, “which is tied to planned global ...
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. ...
Xiaomi added about US$7.6 billion ... units in 2024, Citi estimates the SU7 could generate a net loss of 4.1 billion yuan – or 68,000 yuan per car on average. Following the SU7 launch, other ...
opens new tab surged as much as 16% on Tuesday as the electronics maker's sporty electric vehicle ... 60,000 units this year, Citi estimates the SU7 could generate a net loss of 4.1 billion ...