From Breakingviews - Ford’s path to electric glory requires rocket fuel
. Some 20 percentage points of Ford’s anticipated profitability improvement comes from building up its capabilities, executives said at a “teach-in” event today. Gas-guzzling products can help subsidize the electric ones in the meantime.shows how much investors love a successful EV story. For companies like Ford, it’s a necessity rather than an add-on.
The automaker reiterated guidance that its electric car business, known as Ford Model e, will generate 8% operating profit margins by late 2026, from a margin of negative 41% in 2022. The company expects to reach run-rate production of 2 million electric vehicles by the end of 2026, from 96,000 last year.Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
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