Ford

Ford Reveals Staggering Losses from Electric Vehicle Production

Ford Reveals Staggering Losses from Electric Vehicle Production

Ford Motor Company has revealed the massive losses that the American automaker has suffered from electric vehicle (EV) production. In a new report, Ford admitted losing over a hundred thousand dollars for every EV the company sold during the first quarter of 2024. Ford’s electric vehicle unit reported a whopping…
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Ford Slashes Electric Truck Production to Focus on Gas Vehicles

Ford Slashes Electric Truck Production to Focus on Gas Vehicles

Motor giant Ford has announced that it is slashing production of its once-touted electric F-150 Lightning truck. The company is making significant reductions to the number of workers dedicated to the failing electric vehicle (EV) line. Instead, Ford is shifting its focus back to gas-powered vehicles and is hiring hundreds…
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