Ford (F) Model E EV segment lost $4.7 billion in 2023
In its Q4 2023 earnings report, Ford revealed that it lost $4.7 billion on its Model E EV segment.
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Ford (F) now expects to hit a 600,000 EV production run rate in 2024
Ford's ultimate goal is to ramp up EV production to a 2 million run rate.
Ford (F) to cut F-150 Lightning prices by at least $6,000 for all models
Ford claims to have sorted out battery resource issues, increased plant capacity, and is planning to boost production of the F-150 Lightning throughout 2023.
Tesla (TSLA) & Ford (F) announce expanded Supercharging partnership
Ford EV drivers will gain access to over 12,000 Tesla Superchargers in North America.
Ford (F) expects Model E EV division to lose $3 billion in 2023
Ford's EV division is expected to continue losing money throughout the year.
Ford (F) shipped 4,291 F-150 Lightning EV trucks in Q1 2023
Ford is looking to match the increased demand for its EVs by expanding the production of vehicles like the F-150 Lightning.
Ford (F) EV division lost $2 billion in 2022
Ford's EV losses were offset by profits in its other businesses.
Ford files patent to let self-driving cars drive away without their owners
One of the reasons cited for giving self-driving the ability to drive away on their own is when companies like Ford need to repossess a vehicle.
Ford pauses production on EV F-150 Lightning due to potential battery issue
Ford has not yet determined when production and shipments on the electric F-150 will resume.
Biden expands EV tax credits to make more vehicles eligible
The U.S. Treasury is expanding definitions of vehicles like "SUV" to make more EVs from companies like Tesla and GM eligible for tax credits.
