24 Mar 2023 | Abstracted from Axios
"Gas-powered cars, trucks and SUVs are still paying the bills for automakers as they pile money into electric vehicles...Ford expects to turn an overall profit before interest, taxes and depreciation of $9 billion to $11 billion for the year...is one of the only automakers that separates its EV operations from the rest of its business for financial reporting purposesCarmakers are "plowing in lots of R&D - they're spending big on new battery plants, new assembly plants."
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