Ford Says Its EV unit Is Losing Billions, Should Be Seen As A Startup

23 Mar 2023 | Abstracted from Globe and Mail

Ford's "electric vehicle business has lost $3-billion before taxes during the past two years and will lose a similar amount this year as the company invests heavily in the new technology...Model e...is working on second - and even third-generation electric vehicles

"EV startups lose money while they invest in capability, develop knowledge, build (sales) volume and gain (market) share

"...expects to be building electric vehicles at a rate of 600,000 per year, reaching a rate of 2 million per year by the end of 2026."

ADDITIONAL RELATED NEWS LINKS

• "We're Not Shoving Anything Down Anyone's Throat,' Bill Ford Says About Its EVs


• 5 Must-Have Features To Future-Proof Your First Or Next EV Purchase


• Ford Settles It: Electric Vehicle Gloom & Doom Was Premature


• Car Companies Have Been Screwing Up E-Bikes For Longer Than You Think


• Detroit Went All-In On Big, Expensive EVs Nobody Wants. Here's What The Data Shows They'd Rather Buy.


• Prices Are Falling On Used EVs. Here's How To Get A Deal


• DEJA VU (all over again): Ford Hopes Small Electric Cars Might Make Americans Buy EVs


• How The Ford Supercharger/NACS Deal Went Down


• Volkswagen & Skoda Are Moving Forward With Plans For Less Expensive Electric Cars


• Buying A New Car Could Cost You $7,600 A Year On Top Of The Sticker Price, Nearly Double A Decade Ago