Ford doubles down on EVs despite heavy losses in Q1
Teslarati
APRIL 29, 2024
Ford is doubling down on electric vehicles (EVs) despite the fact that its Model e unit reported heavy losses in the first quarter. Ford’s EV unit, called the Model e, reported plunged revenues of up to 84% to nearly $100 million in the first quarters. billion in losses, before interest and taxes (EBIT) were accounted.
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