Published , by Bill Lavoy
Published , by Bill Lavoy
Ford (F) reported its Q4 2023 earnings report on Tuesday, February 6, 2024. In the report, Ford reported that its Model E segment lost $4.7 billion in 2023.
Ford had this to say about its Model E segment in the Q4 2023 earnings report posted to its investor relations website:
Sales volumes of the F-150 Lightning pickup and Mustang Mach-E SUV both were up year-over-year and respectively the top-selling electric pickup and No. 3 most popular EV of any type in the U.S. for 2023.
While it sounds promising that wholesales and revenue were both up double-digits for the full year, it’s also notable that despite that the Model E segment lost $4.7 billion overall. In fact, Ford expects these losses to continue through 2024.
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