Ford to lose $3B on EV 'startup' in 2023, turn profit on traditional vehicles

Ford to lose $3B on EV 'startup' in 2023, turn profit on traditional vehicles

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Ford on Thursday said it expects to report profits of $9 billion to $11 billion in 2023 on the strength of its conventional vehicle and commercial operations, while posting a huge loss on its Model e electric vehicle division. The automaker expects a $3 billion loss due to investments geared to…

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