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Ford Motor Company reported its third-quarter earnings, revealing a significant $1.2 billion in EBIT losses attributed to its electric vehicle division, Model e. Despite these losses, the company emphasized ongoing cost improvements in its EV operations, with a broader expectation of approximately $5 billion in losses for the entire year. The earnings report reflects the challenges Ford faces in its cost-cutting strategy, which has not significantly improved its competitive financial position over the past year and a half.
VW was hoping to rake in billions in profits from its U.S. operations. Now, though, it is looking like the company's all-electric plan for the region will create steep losses instead. https://t.co/VwGvXjHRxD
Ford's Q3 earnings gave investors a disappointing look into a one-step-forward, one-step-back cost-cutting strategy that has kept the automaker stuck with the same financial competitive disadvantage it faced a year and a half ago. https://t.co/qm5NZLlhew https://t.co/0Olncz3ToW
Ford on Monday said its Model e electric vehicle operations are expected to lose about $5 billion this year. https://t.co/OJGtCvuu4R
