Is this just the Ford Motor Company or new financial reporting practices or the cost of restructuring the company or are other car makers struggling too?
"Ford Motor Co. is set to lose $3 billion on its electric vehicle business this year — but it expects losses to reverse in the coming years as volumes of plug-in vehicles grow.
In the meantime, billions of dollars in profits from internal-combustion engine and commercial vehicles are bolstering the Dearborn automaker's financial results, according to new numbers released as part of an overhaul of the way the company reports financials. ...
Chief Financial Officer John Lawler — who has called Ford Model e "a startup within Ford" — chalked up the uptick in EV losses to the large investments Ford is making to scale up its EV business. The automaker, for example, is investing billions of dollars in developing its second- and third-generation EVs, and to build numerous EV battery plants. ..."
Chief Financial Officer John Lawler — who has called Ford Model e "a startup within Ford" — chalked up the uptick in EV losses to the large investments Ford is making to scale up its EV business. The automaker, for example, is investing billions of dollars in developing its second- and third-generation EVs, and to build numerous EV battery plants. ..."
Ford CEO Jim Farley
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