Ford Electric Vehicles Plagued By Massive Losses – What Went Wrong?
Detroit, Michigan – Ford Motor Company reported significant losses on every electric vehicle it sold, indicating a challenging start for the company’s electric vehicle venture. The automaker revealed a staggering loss of $130,000 on each electric vehicle sold during the first quarter, raising concerns about the financial viability of Ford’s electric vehicle program. This marks a notable setback for the company as it navigates the transition to electric vehicles in response to increasing consumer demand …