Ford Motor has said its electric vehicle business incurred a pretax loss of $3 billion in the last two years, and the same amount of loss is expected this year. The EV unit, named 'Model e', should be seen as a startup, CFO John Lawler said. EV startups lose money as they build knowledge and gain market share, he added.
short by
Mansi Agarwal /
06:43 pm on
23 Mar