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
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...
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.
MARINE CORPS BASE CAMP PENDLETON, Calif. – Marine Corps Base Camp Pendleton had extended electric vehicle charger service beyond government owned electric vehicles (EVs) to personally owned EVs. As of April 22, 2024, this new resource is available to EV drivers with base access.
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(The Center Square) – One strategy for state officials looking to transition Washington’s transportation sector to electric vehicles is by subsidizing them with taxpayer dollars. This week, Gov. Jay Inslee announced $45 million in subsidies through a Department of Commerce grant program for families deemed “low-income” to purchase an EV. “Washingtonians really get it when it comes to electric vehicles,” Inslee said at a Wednesday news conference in Tukwila. ...
(TestMiles) - In an automotive industry racing towards electrification, Toyota takes a commanding lead with its unveiling of the 2025 Toyota Camry, marking a significant shift in the company’s strategy towards hybrid electric vehicles (HEVs). This next-gen Camry, set to hit dealerships in Spring 2024, not only challenges conventional wisdom but also positions Toyota as []
Ford will issue a recall of an estimated 456,565 vehicles because of a low battery issue that can result is loss of drive power, according to the National Highway Traffic Safety Administration (NHT
Ford will issue a recall of an estimated 456,565 vehicles because of a low battery issue that can result is loss of drive power, according to the National Highway Traffic Safety Administration (NHTSA).