Ford revealed in its latest earnings report that its Model e electric vehicle division is expected to see losses above $5 billion in 2025, similar to last year.
Given the outlay required to bring the Mach-E and Lightning to market as well as these vehicles’ less-than-stellar sales, profitability in the electric market is going to be tough for the automaker.
In January, Ford set new records for overall electric vehicle sales and for Mustang Mach-E sales. Last month, the American automaker sold a total of 5,666 EVs stateside–a 21.2% increase over the same ...