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Ford set to lose $4.5 billion on electric vehicles this year, despite increased revenue

Posted on AllSides July 31st, 2023
From The Right

Ford Motor Company announced it is projected to lose a whopping $4.5 billion from electric vehicles (EVs) this year, up from the previous projected loss of $3 billion.

The company released its second-quarter financial results on Thursday. The U.S.-based automaker's EV division, called "Ford Model e," has lost $1.8 billion so far this year, according to Fortune.

The projected $4.5 billion loss is over twice as much as Model e's $2.1 billion loss in 2022. The company recently announced that the price of its electric F-150 Lightning pickup trucks will be reduced due to cheaper...

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https://www.foxbusiness.com/technology/ford-set-lose-billion-electric-vehicles-year-despite-increased-revenue

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