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.
The Ford F-150 Lightning displayed at the Philadelphia Auto Show, Jan. 27, 2023, in Philadelphia.
“As everyone knows, EV startups lose money while they invest in capability, develop knowledge, build volume and gain share,” he said. Model e had pretax losses of $900 million in 2021 and $2.1 billion last year, and it is expected to lose $3 billion this year. In the past two years Ford has announced it would build four new battery factories and a new vehicle assembly plant as well as spending heavily to acquire raw materials to build electric vehicles.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Exclusive: Ford boss gives full details of Europe transformation plan | Autocar“The Fiesta was a tremendously successful vehicle over so many years. But if you want to grab something new firmly with both hands, you also have to be willing to let something go...'
Les mer »
2023 Dodge Demon 170, Ford's first MEB EV: Today's Car NewsDodge's final Last Call car, Ford's EV based on a VW platform, and Lamborghini's Aventador successor all made headlines today.
Les mer »
This New Ford Explorer Is a Small Electric Crossover Built for EuropeThis is not the Explorer we know and love. It's unclear if it will be sold in the U.S.
Les mer »
Ford introduces an all-electric Explorer SUV, but it’s only for EuropeThe new EV will start at less than €45,000.
Les mer »
Ford reveals Explorer electric crossover based on VW platformFord's new electric crossover will be built in Germany for sale in Europe.
Les mer »
European-spec 2023 Ford Explorer is an EV with Volkswagen bones - AutoblogFord's first Volkswagen-based electric crossover is a European interpretation of the Explorer. The model will not be sold in the United States.
Les mer »