Ford's expected loss on its electric-vehicle business shows how far traditional auto makers have to go in turning their EV portfolios profitable
Auto maker says it wants to give investors more visibility into performance of its three business unitsFord Motor Co. expects to lose about $3 billion on its electric-vehicle business this year, a reminder of how far traditional auto makers have to go in turning their EV portfolios profitable.
Ford disclosed the figure Thursday while outlining a new financial-reporting structure intended to give investors better insight into the performance of its three business units: Model e, its EV business; Ford Blue, the traditional part of the company that sells internal-combustion-engine vehicles; and
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