CO2: 420.41 ppmThe first and only product to be announced thus far for the plant is a next-generation electric truck, which Ford has codenamed "T3," short for "TrustTheTruck."
Ford forecast a drastic turnaround for its electric vehicle unit, reiterating that it expects its EV business to be solidly profitable by the end of 2026.
The financials are the first detailed look at EV profitability as Ford unveils a new financial reporting structure.
DETROIT (AP) — Ford Motor Co.'s electric vehicle business has lost $3 billion before taxes during the past two years and will lose a similar amount this year as the company invests heavily in the new technology.