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 ...
One key takeaway from Ford's update on EVs is that Ford is broadening its hybrid electric vehicle strategy. In fact, Ford ...
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 projecting its commercial unit ... billion on that basis. Ford doesn’t have that kind of software revenue stream yet to sop up red ink flowing from its retail EV sales, which stand to ...
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. ...
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 ...
Demand from fleet-based vehicle operators is a lone bright spot for the EV industry as global sales sputter. While retail ...
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.