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Ford’s electric vehicle unit losing billions, as company invests in new technology

Ford's electric Vehicle unit has lost billions of dollars, but the company is investing in new technology to make the business profitable. The new reporting system separates electric vehicles, the profitable internal combustion and commercial vehicle operations into three operating units. Ford is expecting Ford Blue, the unit that sells internal combustion and gas-electric hybrid vehicles, to post a $7 billion pretax profit this year. Ford Pro, the commercial vehicle unit, is expected to earn $6 billion before taxes.

The post Ford’s electric vehicle unit losing billions, as company invests in new technology appeared first on Balanced News Summary.



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