PATH TO BANKRUPTCY? Ford Losing $132,000 on Every Electric Vehicle Sold This Year
Ford is losing a staggering amount on every electric vehicle (EV) it sold in the first quarter of 2024, underlining the financially unsustainable nature of the industry.
The company reported a loss of $1.3 billion in its electric vehicle division in the first quarter results, equivalent to $132,000 for each of the 10,000 EVs it sold in the past three months.
CNN reports:
Ford, like most automakers, has announced plans to shift from traditional gas-powered vehicles to EVs in coming years.
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