Ford Motor Company expects to lose a whopping $4.5 billion from its electric vehicles (EVs) this year, the company said in its second-quarter earnings report released Thursday.
The Michigan-based automaker said its all-electric vehicle division, called “Ford Model e,” has already lost more than $2.8 billion in the first two quarters of this year, including $1.8 billion in the second quarter alone or about $32,000 for every EV Ford has sold...
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