CNN: Ford Reports Losing $1.3 Billion In First Quarter Of 2024

Facing a 2035 deadline to convert all of its vehicle sales in several states to all electric or other energy source classified as renewable, Ford reported losing $1.3 Billion on the sale of just 10,000 electric vehicles in the first three months of 2024 according to a recent report in CNN.

While other automakers reported loses on the sales of electric vehicles, Ford’s loss of $132,000 per vehicle points to future losses which may add up to more than $5 billion in 2024. Despite that number, Ford CEO Jim Farley underlined the commitment of the company to their zero emission vehicle offerings by pledging to cut costs in future vehicles.

The story of energy policy, vehicle development, and the industries that are innovatively pioneering a cleaner future for the West and all of the world is continuing to unfold so check back often for more news.

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