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

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

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.

Good morning! It’s Tuesday, September 26, 2023, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important ...

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 ...

Ford's pull back on EVs impacted Magna International ... Stellantis agreed to build a new $3.2 billion EV battery plant, invest $1.5 billion in Belvidere to build new mid-size trucks by 2027 ...

Carrier Global Corp. said Thursday it has agreed to sell its commercial and residential fire business to a unit of Lone Star Funds in a deal with an enterprise value of $3 billion. The move ...

Carrier Global Corp. has agreed to sell its commercial and residential fire unit to an affiliate of private equity firm Lone Star Funds for an enterprise value of $3 billion. The deal is the ...

China Evergrande New Energy Vehicle estimated a consolidated net loss of about 20.25 billion yuan (S$3.7 billion) for the six months ended Jun 30, compared with 6.87 billion yuan in the same period a ...

Dowlais Group shares fell after the company reported a widened pretax loss for the first half year on declining revenue as volatility in the battery electric vehicle ... billion pounds ($3.28 ...

Net income for the three months dropped to RMB24 billion ($3.31 billion), due to lower profits ... in the April-June quarter of last year to loss of RMB103 million ($14 million) in the latest ...

Amazon has spent $61 billion to build ... stock investment in electric vehicle maker Rivian Automotive. Ford, another Rivian investor, reported a $3.1 billion loss due to its Rivian investment.