April 28, 2024

Electric Vehicles Bleeding Red Ink: Ford Is Losing Billions on EVs

Ford Motor Company says its electric vehicle (EV) unit, “Ford Model e,” is losing billions of dollars, and should be viewed as a startup company. Model e has lost $3 billion before taxes over the last two years, and is expected to lose another $3 billion this year as the company invests in the new technology

Source: