Ford Projects $3 Billion Loss on EV Business for 2023

  • 📰 WSJ
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Ford's expected loss on its electric-vehicle business shows how far traditional auto makers have to go in turning their EV portfolios profitable

Auto maker says it wants to give investors more visibility into performance of its three business unitsFord Motor Co. expects to lose about $3 billion on its electric-vehicle business this year, a reminder of how far traditional auto makers have to go in turning their EV portfolios profitable.

Ford disclosed the figure Thursday while outlining a new financial-reporting structure intended to give investors better insight into the performance of its three business units: Model e, its EV business; Ford Blue, the traditional part of the company that sells internal-combustion-engine vehicles; and

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

적외선 카메라로 나무 수색

Expensive and not practical. America is not ready and may never be. Too many negative aspects as compared to positive ones. Frank

Why do I follow you if I have to pay you to read your articles? Unfollowed

You cannot charge $100,000 for a vehicle that in five years it will Cost $40,000 to replace the battery. Basic economics.

Allah will help Pakistan by his mercy with powerful Black Jet Fighters, that will help conquer India in the Ghazwa-e-Hind and will later help in reclaiming lost Muslim countries. What are these black jet fighters? The black flags of Khurasan?

Allah will help Pakistan by his mercy with powerful Black Jet Fighters, that will help conquer India in the Ghazwa-e-Hind and will later help in reclaiming lost Muslim countries. What are these black jet fighters? The black flags of Khurasan?

Just another reminder for Bowenchris that your inner city woke mob might like electric but the rest of us like our V8's! What can compare to the rumbling of a Hemi engine? Australia VoteNo auspol LaborLies

I'm struggling to understand how they catch Tesla in the 20 yrs...maybe never depending on the market moving

Talk about a company that’s lost its way. Henry Ford manufactured cars for the masses at affordable prices, now the company is focused on building cars for the elites. Go woke, go broke.

good, EVs are for crap

The motors can be used to pump water to California. One man's trash is another Man's treasure.

I feel like Ford might pull out of this because of it's popularity in other sectors. Every automaker is struggling with the EV transfer.

14 new coal fired power plants coming online in China over the next few years but American consumers should be eager to drive EV's 🤯 Without GLOBAL buy in on climate INCLUDING China, EV's aren't going to make a pittance of a difference. No concessions when a superpower won't.

I would never buy one at the price for what you get. Electric vehicles are not ready to replace the combustion vehicles at this time. I think EV business is 20 years from taking the market share.

Oh what a surprise 🤣

Why the fixation on electric and not hydrogen?

I

elonmusk say something..

Ford n'est pas un bon véhicule , juste pour trouver les pièces de rechange ça fait mal à la tête , rien d'intéressant

'I'm not buying it' ~ Consumers

but all the Elon haters swore they'd buy electric from competing companies! elonmusk

Like every Biden policy, a race that failure

Mexico's AMLO: 'They are liars,... Why don't you free Julian Assange? If you are talking about journalism and press freedom, why do you have Assange in jail?'

Gosh. Who could have predicted?

Go woke go broke

United States United States Latest News, United States United States Headlines