Ford’s EV Division Lost $1.3B in Q1 — That’s $132K per Car!
Ford’s electric vehicle (EV) division lost In the first quarter of 2024, it would be $1.3 billion, or a loss of $132,000 for every 10,000 EVs sold. Ford’s EV sales also fell 20% year over year, with “sales down 84% to approximately $100 million, which Ford attributes primarily to industry-wide EV price reductions.” Ford expects […]