Ford sees $3 billion pretax loss in its EV business this year
Yahoo - Autos·2023-03-23 21:02
By Paul Lienert
(Reuters) - Ford Motor Co expects its electric vehicle business unit to lose $3 billion this year, but remains on track to achieve a pretax margin of 8% by late 2026, the company said.
The projected loss was revealed ahead of a mid-morning briefing for investors and analysts on Thursday to discuss details of the automaker’s new financial reporting format.
……Read full article on Yahoo - Autos
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