Ford (F) Model e division posts FY 2024 losses of $5.1 billion
Ford's electric vehicle division is working to development cost improvements as the company continues to invest in future products.
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Ford's electric vehicle division is working to development cost improvements as the company continues to invest in future products.
The popular carmaker's electric vehicles department operated at significant losses throughout the first half of its fiscal 2024.
In its Q4 2023 earnings report, Ford revealed that it lost $4.7 billion on its Model E EV segment.