Ford Still Losing Billions on EVs, but Not All Is Lost
For the full year of 2024, Ford posted a net income of $5.9 billion on adjusted earnings of $10.2 billion. Its electric vehicle business, however, lost $5.1 billion, even worse than its loss of $4.7 billion the year prior. It expects to lose even more, $5.5 billion, on EVs in 2025.
Tesla now allows Mercedes-Benz EVs to use the Supercharger network, but owners will have to perform an update at the ...
Scout Motors' plan to eschew traditional dealerships and sell EVs directly to consumers is running into legal trouble. A ...
Honda provided flights from Daytona to Columbus then Washington, DC, and accommodation so Ars could visit its factories. Ars ...
Unleashing American Energy is the title of Trump's order targeting the Biden administration’s support for EVs. That support ...
Volvo Car Malaysia (VCM) has announced that it sold 1,953 vehicles last year, which is less than what was recorded in the ...
Aston had previously pledged to introduce its first EV as soon as 2026, but that now definitely won’t he happening.
Tax exemptions and cost savings draw more to EVs, but affordability is restricted by high floor price. Read more at ...
General Motors announced that its EVs became "variable profit positive" last year, earning more money than the labor and ...
California wildfire cleanup is complicated by highly combustible lithium-ion batteries found in electric and hybrid vehicles ...
New information from Ford shows that the road to electric vehicle profitability is filled with potholes. Ford has projected ...
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