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Ford sees EV unit as a startup, expects it will lose $3 bn this yr
short by Mansi Agarwal / on Thursday, 23 March, 2023
Ford Motor has said its electric vehicle business incurred a pretax loss of $3 billion in the last two years, and the same amount of loss is expected this year. The EV unit, named 'Model e', should be seen as a startup, CFO John Lawler said. EV startups lose money as they build knowledge and gain market share, he added.
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