Ford Motor (F) Sees Electric-vehicle Losses Ballooning To $3 Bln In 2023 - Bloomberg
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Ford (F) aims to build 500K EV trucks per year at new Tennessee plant
March 24, 2023 8:03 AM EDTFord said Friday that the American automaker plans to build up to 500,000 electric trucks a year at its BlueOval City complex under construction in western Tennessee. Part of the companys plan to have global EV production capacity of 2 million vehicles a year in place by the end of 2026.
BlueOval City will assemble several versions of Fords next-generation F-series electric pickup, which the company calls Project T. The plant will also have a battery plant capable of... More
Ford (F) announces next-gen EV pickup coming in 2025
March 24, 2023 7:48 AM EDTFord Motor (NYSE: F) announced Friday that the American automaker is gearing up for the next step in its EV truck business with Project T3.
The company said its preparing to build its next-gen electric truck, code-named Project T3, at its upcoming BlueOval City EV vehicle and battery... More
UBS survey shows slowing pace of EV sector
March 24, 2023 7:38 AM EDTUBS conducted the seventh wave of its annual UBS Evidence Lab EV consumer survey with results showing 46% of consumers are likely to consider buying a fully electric car (BEV), a 3%-pts decrease y/y, marking the first sequential decline since the surveys inception in 2016. Analyst Patrick Hummel believes that the decline was driven by European markets on affordability concerns.
Hummel wrote in a note, While we... More
Ford (F) predicts $3B pretax loss in EV business this year
March 23, 2023 8:09 AM EDTFord Motor Co. (NYSE: F) is scheduled to hold a mid-morning briefing with investors and analysts on Thursday. However, before the meeting, the company revealed that they expect their electric vehicle business unit to lose $3 billion this year, but remains on track to achieve a pretax margin of 8% by late 2026.
The briefing is being held to discuss the American automakers new financial reporting format. Starting with first-quarter results,... More
