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The Independent UK
The Independent UK
National
Tom Krisher

FOUND: Ford says ev unit losing billions should be seen as startup - What They Never Told You

Copyright 2021 The Associated Press. All rights reserved.

Ford Motor Co.'s electric vehicle business has lost $3 billion before taxes during the past two years and will lose a similar amount this year as the company invests heavily in the new technology.

The figures were released Thursday as Ford rolled out a new way of reporting financial results. The new business structure separates electric vehicles, the profitable internal combustion and commercial vehicle operations into three operating units.

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