Ford anticipates electric vehicle losses to persist for three more years

Ford executives discuss the company's financial outlook during an earnings call, highlighting anticipated losses in the electric vehicle sector for the next three years.

In a recent earnings call, Ford’s Chief Financial Officer, John Lawler, revealed that the company expects to lose approximately $3 billion in its EV division this year alone. This figure is part of a larger investment plan that includes $50 billion earmarked for electric vehicle development through 2026. Despite these losses, Ford remains committed to … Read more