Ford lost about $3 billion on its Model e business over the past two years and isn’t expected to be profitable (on an adjusted basis that removes costs like taxes) until late 2026 with an 8% operating profit margin. The big takeaway? Profits generated from selling internal combustion engine-powered trucks, cars and SUVs have helped, and will continue to help, drive Ford’s push into EVs.įord restructured the company and broke it into three segments: Ford Blue for its internal combustion and hybrid vehicles, Ford Pro for the commercial business and Ford Model e, which covers electric vehicles, advanced driver assistance systems and digital services.įord restated earnings for 20, which was illuminating to say the least. The move provides a new level of transparency into what business sector is - and is not - profitable at Ford. The big news this week was Ford lifting the hood on how the newly restructured 119-year-old company will operate and, importantly, report its financials. Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. The Station is a weekly newsletter dedicated to all things transportation. Sign up here - just click The Station - to receive the full edition of the newsletter every weekend in your inbox.
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