Ford just reported a massive loss on every electric vehicle it sold
by CNN
CNN— Ford’s electric vehicle unit reported that losses soared in the first quarter to $1.3 billion, or $132,000 for each of the 10,000 vehicles it sold in the first three months of the year, helping to drag down earnings for the company overall. Ford, like most automakers, has announced plans to shift from traditional gas-powered vehicles to EVs in coming years. But it is the only traditional automaker to break out results of its retail EV sales. And the results it reported Wednesday show another...
TechSpot—Ford is losing boatloads of money on every electric vehicle sold. One of the largest automotive companies in the world lost $1.3 billion in its EV-only business unit known as "Model e" in the first quarter. Ford's EV division sold 10,000 cars during the three-month period of the new fiscal year, which means that the corporation lost $132,000 on every vehicle delivered to customers.Read Entire Article
Zero Hedge—Ford's $120,000 Loss Per Vehicle Shows California EV Goals Are Impossible. Ford's $120,000 Loss Per Vehicle Shows California EV Goals Are Impossible Authored by John Seiler via The Epoch Times (emphasis ours), So much for California’s mandate that “all new passenger cars, trucks, and SUVs sold in California will be zero-emission vehicles by 2035,” according to the California Air Resources Board. It imposed the mandate at the request of Gov. Gavin Newsom. The all-electric F-150 Lightning from Ford is displayed at the Los Angeles Auto Show in Los Angeles on...
Breitbart—Ford Loses $1.3 Billion on Electric Vehicles in First Quarter of 2024, Delays Plans to Make More. Ford Motor Company reported a whopping $132,000 loss on each electric vehicle sold during the first three months of the year, amassing a $1.3 billion loss.