Ford Pro Offsetting EV and Pickup Declines in Q1
by WardsAuto
WardsAuto— Ford’s first-quarter earnings drop from a year ago, but still manage to beat Wall Street forecasts by overachieving on commercial vehicles and software services.
CNBC—Ford tops first-quarter earnings estimates as commercial unit offsets EV losses. DETROIT — Sales of Ford Motor 's trucks and other commercial vehicles led the automaker to beat Wall Street's earnings estimates during the...
Green Car Reports—Toyota 3-row EVs, lower-priced Ford EVs, Honda EV hubs, Mazda EZ-6: Today’s Car News. Ford EVs are losing money, but hope is on the way with a next generation of vehicles. Mazda shows an appealing electric sedan so far limited to China. Toyota plans a second U.S.-made three-row electric SUV. And Honda is creating another EV hub in Canada. This and more, here at Green Car Reports. More lower-priced Ford EVs are on the way, the automaker said
Green Car Reports—Ford promises more affordable EVs as it loses money on them. In its quarterly earnings call this week, Ford reported significant losses on EVs—but still promised lower-priced models. As reported by CNN, Ford said its EV unit lost $1.3 billion in the first quarter, or $132,000 for each of the roughly 10,000 EVs sold by the automaker during that period. Sales were down 20% from a year earlier, but