morekaos
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Everyone who wanted one has one …hope is a terrible business plan...
Ford pushes back EV target, warns of wider losses due to slower-than-expected adoption
- Ford now expects to be building EVs at a rate of 600,000 per year sometime during 2024, a delay from earlier estimates that it would reach that level by the end of 2023.
- Ford also said it now expects its EV business unit, Ford Model e, to post an operating loss of about $4.5 billion this year.
- In a statement, CEO Jim Farley argued that the more gradual ramp-up of electric vehicle production could be a boon for Ford.
Ford pushes back EV target, warns of wider losses due to slower-than-expected adoption
Ford said it now expects its EV business unit, Ford Model e, to post an operating loss of about $4.5 billion this year
www.cnbc.com