Ford Motors Losing Billions on Electric Vehicles

In the mad dash to pursue all things electric for the sake of climate change, Ford Motors has invested heavily in the production of electric vehicles. So far, things are not going according to plan. Ford is losing billions on this in 2023 and it’s only March.

Ford Motor Co.’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. ---More...