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Ford lost €33,500 on every EV it sold last quarter

ArenaEV
Ford’s third-quarter earnings have unveiled a paradoxical situation. While the auto giant managed to edge out its rival, General Motors, in terms of electric vehicle sales, it found itself grappling with an escalating financial loss in its EV division. The primary culprits? A sluggish demand for EVs and a fierce price war, courtesy of Tesla. In the third quarter, Ford reported sales of 20,962 electric vehicles, a figure that marginally surpassed General Motors. This uptick was largely due to the robust production and sales of the Mustang Mach-E. Specifically, the Mach-E witnessed a… More…

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