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Technology

Ford’s EV Business Loses $2.1 BILLION As Buyers Stick With Reliable Gas, Diesel

View Source | March 23, 2023 7:08 am

  • Ford Motor said Thursday its electric vehicle business lost $2.1 billion last year on an operating basis, a loss that was more than offset by $10 billion in operating profit between its internal combustion and fleet businesses.
  • The Detroit automaker expects 2023 to unfold along similar lines, forecasting an adjusted loss of $3 billion for its EV unit, adjusted earnings of about $7 billion for its internal combustion unit, and adjusted earnings of roughly $6 billion for its fleet business.
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