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Date Posted: 9:52:11 3/27/23 Mon
Author: Jasper
Subject: Losing money on a start-up is b/s especially for a big company. They should hit the ground running.

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On Thursday, the Ford Motor Company said that they anticipate their Electric Vehicle division to lose $3 billion in 2023 following financial losses over the last two years — $2.1 billion in 2022 and $900 million in 2021 — but that the losses are expected for a "start-up" company.

According to the Financial Times, Ford's Chief Financial Officer John Lawler said, "Ford Model e is an EV start-up within Ford and, as everyone knows, EV start-ups lose money while they invest in capability, develop knowledge, build volume and gain share."

https://thepostmillennial.com/ford-to-lose-billions-on-electric-cars

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