Stoked News – News, Videos, surf, skateboard, snowboard, motorsports, action sports » Blog Archive » Ford Expects to Lose $4.5B on EVs This Year
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Automaker Ford estimates its electric vehicle division will lose $4.5 billion this year, $1.5 billion more than it predicted in March.

Fortune said Ford’s revised forecast comes from a sluggish receptiveness by consumers to the new battery-powered vehicles.

So far this year, Ford’s EV division has shed nearly $1.8 billion, Fortune reported.

Ford now also estimates   …  More

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This entry was posted on Friday, July 28th, 2023 at 8:17 pm and is filed under Auto Misc., Automobile, Business news, Drag Racing, Electric Vehicles, Trucks, Video - general. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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