Ford sees $3 billion pretax loss in its EV business this year

Workers plug in an electric Ford Mustang Mach-e electric vehicle during a press event at the Ford Halewood transmissions plant in Liverpool, Britain, December 1, 2022. REUTERS/Phil Noble/File Photoexpects its electric vehicle business unit to lose $3 billion this year, but remains on track to achieve a pretax margin of 8% by late 2026, the company said.

Starting with first-quarter results, which will be announced on May 2, Ford will begin reporting by business unit for Model e , Blue and Pro . Chief Financial Officer John Lawler said Ford no longer will break out financial results by region, only by business unit, because “that’s how we’re running the company now.”

Biden’s fault

Apparently it’s for a good leftist cause, even if they go belly up.

Good thing we're spending so much federal cash on charging stations. Next: Ford Bailout. It's like buying a herd of cattle when the only place you can keep them is in your apartment.

Don't worry, Biden will bail you out Ford.

'What a loss!' Ford is developing a product line in the span of a few years that incumbents (read: Tesla, PRC) have been developing for a decade. They are playing catch up, and if anything, dumping money into the project is a *good* sign.

Almost like most people don't want expensive EV's...

EV is a waste of time. Need to pivot to hydrogen ICE

Wokeness drove the development of EVs

Translate: We will now charge more for the gas cars people want, to take up the loss.

Time to fire the CEO !

It’s ugly and they claim it’s a mustang. That’s not a mustang

It's to be expected at first. Supply chain issues are still happening. One of the worst is the dealership issues.

$95k Canadian for a deluxe model. No wonder they lost $. 🚙

It's efficiency+vertical integration Ford lacks. $F will fail.

Maybe investing in hybrids instead of full on EVs would've been a better idea...

Retooling costs.

Why would you buy an EV when you know prices will come down, and the technology will improve

That is nothing like a Mustang. Ford f*cked up.

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