Ford Motor Company has initiated a significant reduction in orders from its electric vehicle (EV) battery suppliers in response to escalating financial losses in its EV operations. Reports indicate that the losses associated with each EV have reached a staggering $100,000 per vehicle. This strategic move is aimed at mitigating the financial strain on the company, particularly impacting its EV unit, Model e, which has been identified as a major burden on Ford's overall financial health.
NEWS: Ford has begun cutting orders from battery suppliers. https://t.co/bt19zkBsyy
Ford is dramatically cutting its battery orders as its loss per EV has hit over $100,000 per car #MacroEdge
"Ford Cuts Battery Orders as EV Losses Top $100,000 Per Car" https://t.co/OZ5NF53K86 https://t.co/0TQPfHrtOj
NEWS: Ford has begun cutting orders from battery suppliers after losing $100,000 per EV. https://t.co/bt19zkBsyy
SCOOP: @Ford has begun cutting orders from battery suppliers to stem growing electric-vehicle losses. $F's EV unit, Model e, 'is the main drag on the whole company' @megacontango Heejin Kim @AirEVthingTRNSP @RickClough @LarkinHayne https://t.co/vckRxd6Qie via @business
$F | Ford Cuts Battery Orders As EV Losses Top $100,000 Per Car - @business https://t.co/lwJfTdgSba
Ford has begun cutting orders from battery suppliers to stem growing electric-vehicle losses https://t.co/GAiV6XzuR5
* FORD CUTS ORDERS FROM EV BATTERY SUPPLIERS AS LOSSES PILE UP @JohnSpall247 #EVwinter ⛄️ $F https://t.co/4KenzQTGVV
$F | Ford Cuts Orders From EV Battery Suppliers As Losses Pile Up - Bloomberg Report
FORD CUTS ORDERS FROM EV BATTERY SUPPLIERS AS LOSSES PILE UP
NEWS: Ford Backs Down from Going All Electric in Europe in 2030. "If we see strong demand, for instance for plug-in hybrid vehicles, we will offer them." https://t.co/1FUFxvFMIk
NEWS: In a new interview, Lucid CEO Peter Rawlinson said EV manufacturers from China are “many years behind @Tesla." Rawlinson said the battery & the drivetrain technologies as some of the examples where he sees Tesla having no competition from China. https://t.co/7LO8pHK17v