Ford Model "e" experienced an EBIT loss of $1.1 billion in Q2, still a wide gap from its initial vision.
Despite efforts to reduce costs by $400 million, Ford's EV division forecasts a full-year loss of $5 billion-$5.5 billion for Ford Model "e".
Ford halted plans to invest $12 billion in EVs, redirecting capex into next-gen EVs while slowing down investment pace.
Ford is focusing on its Tennessee Electric Vehicle Center for next-gen electric truck, despite the operational challenges faced in its EV division.
[
Collection
]
[
|
...
]