The new plans include investing about $3 billion to expand Super ... and its “Model e” EV unit lost $4.7 billion in 2023.

Last month, Ford reported that its electric vehicle division had lost $2.5 billion in the first half of the year before certain expenses were taken into account. The company overall made $3.2 billion.

Ford lost $1.3 billion in its electric vehicle department during the first quarter of 2024, which is about $132,000 per ...

The automaker incurred significant costs spooling up production as industry sales growth began to taper off, leading Ford to forecast that its EV unit will lose ... Commits $3 Billion to Boost ...