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Published 16 days ago

Ford reports loss on every EV sold in first quarter - Washington Examiner

Summary by Washington Examiner
Ford lost $1.3 billion in its electric vehicle department during the first quarter of 2024, which is about $132,000 per vehicle it sold. The loss is due to the car maker lowering the price of its electric models while also appropriating funds for further research. Electric vehicle revenue brought in $100 million, which is an 84% drop from last year. It is expected that Ford will continue to lose money on its EV models, as the company predicts a …

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Washington ExaminerWashington Examiner

Ford reports loss on every EV sold in first quarter - Washington Examiner

Ford lost $1.3 billion in its electric vehicle department during the first quarter of 2024, which is about $132,000 per vehicle it sold. The loss is due to the car maker lowering the price of its electric models while also appropriating funds for further research. Electric vehicle revenue brought in $100 million, which is an 84% drop from last year. It is expected that Ford will continue to lose money on its EV models, as the company predicts a …

16 days ago·Washington, United States
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