Ford’s electric vehicle unit reported that losses soared in the first quarter to $1.3 billion, or $132,000 for each of the 10,000 vehicles it sold in the first three months of the year, helping to ...
(CNN) – Ford’s electric vehicle unit reported Wednesday that losses soared in the first quarter to $1.3 billion. The EV unit ...
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 ...
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 ...
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. ...
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.
If there's an elephant in the room for Ford Motor Company (NYSE: F) investors, it's certainly the whopping $4.7 billion loss from its Model e unit ... to know about its EV plans going forward.