Ford $1.3 Billion Loss Electric Vehicles 2024. Ford projects model e losses to reach $5.5 billion this year after a $1.3 billion ebit loss in q1. Fordโs ev division lost $1.3 billion in the first quarter, with its revenue dropping 84 percent year over year.
The company reported a $1.3 billion loss for its model e ev division in the first quarter of 2024 and a $1.1 billion loss in the second quarter. Ford model e revenue was down, as wholesales declined and significant industrywide pricing pressure continued to affect electric vehicles currently on the.
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