Legacy car giant Ford has revealed massive first quarter losses for its newly formed electric vehicle business – which it dubs “Ford Model e”.
The division’s first quarter losses – from the sale of 10,866 electric vehicles – came in at $US722 million, translating to a negative margin of around 102 per cent, according to analysts.
Ford’s biggest electric offerings are the Ford Mustang Mach-e, the F150 Lightning electric ute and the e-Transit van.
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