CNBC
US · 1 hrs ago
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Ford’s secret EV unit emerges from shadows, still bullish on new pickup amid market slowdown
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Ford's EV unit, which has operated with significant annual losses, is developing a Universal Electric Vehicle platform that the company expects will help it reach breakeven profitability by 2029, even as the broader EV market experiences a slowdown.
Ford’s secret EV unit emerges from shadows, still bullish on new pickup amid market slowdown
The "Universal Electric Vehicle" platform is expected to be key to Ford transforming its EV unit from billions of dollars in annual losses to breakeven by 2029.
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