Ford promises more affordable EVs as it loses money on them

Green Car Reports— 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

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

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

Raw Story—Trump faces 'lose-lose proposition' in imminent hush money trial decision: jury expert. Former President Donald Trump faces a lose-lose situation as he and his legal team grapple with the question of whether he should testify in his criminal hush money case, a legal strategist says. Jury consultant Steve Duffy told the Independent Wednesday that Trump can't win if he takes the stand in the ongoing Manhattan trial but takes a big risk if he does not. “Jurors generally don’t react well to criminal defendants not testifying, because it just leads to speculation about, 'Why – what do...