Ford expects EV business unit to lose $3B this year, hit profitability in late 2026

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Ford expects EV business unit to lose $3B this year, hit profitability in late 2026

Any question of what business sector is — and is not — profitable at Ford is no longer a mystery. Ford lost about $3 billion on its EV and digital services business over the past two years, a unit now known as Model e, and isn’t expected to be profitable (on an adjusted basis that […]

Ford expects EV business unit to lose $3B this year, hit profitability in late 2026 by Kirsten Korosec originally published on TechCrunch

Ford expects EV business unit to lose $3B this year, hit profitability in late 2026

2023-03-23 22:04

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