Connect with us

Hi, what are you looking for?

Tech News

Ford looks to future EV breakthroughs — and smaller cars — to staunch the bleeding

Ford logo
Image: Ford

Ford is the No. 2 seller of electric vehicles in the US. It’s very proud of that fact, but the amount of cash it had to burn to get there is enough to make you wonder whether it can keep that title.

The company reported its first quarter earnings last night, and woo boy, it’s rough. Ford said it lost $1.3 billion on the sale of 10,000 electric vehicles in the first three months of the year — a staggering figure that amounts to $130,000 lost for every EV sold.

Ford’s Model e division, which oversees some of the company’s EV sales as well as software, reported $100 million in revenue, an 84 percent drop from the same period last year. The number of…

Continue reading…

You May Also Like

Tech News

Illustration by Kristen Radtke / The Verge; Image: Getty Images Elon Musk is currently embroiled in a battle with Australian authorities over demands for...

Editor's Pick

Good morning and welcome to this week’s Flight Path. The equity “Go” trend is over. We saw a pink “NoGo” bar following an amber “Go Fish”...

Tech News

The Rabbit R1 is a fun little thing — and oh boy, is it orange. There were times I wasn’t sure the Rabbit R1 was...

Editor's Pick

Michael Chapman Uri Berliner, a 25‐​year‐​long journalist at National Public Radio (NPR), recently resigned from his job after being suspended because he wrote about the...